The phrase represents a hypothetical legislative proposal or coverage place related to the previous President relating to taxation of revenue earned from working past customary hours. It implies a possible effort to remove or cut back the tax burden on wages earned by extra time work. Such a measure may contain adjustments to current tax legal guidelines associated to revenue brackets, deductions, or particular exemptions for extra time pay.
The importance of such a invoice rests on its potential influence on employees’ take-home pay, incentives for employers to supply extra time, and total financial results. Proponents may argue that reducing the tax burden on extra time earnings may incentivize elevated productiveness and supply monetary aid to working households. Traditionally, tax coverage has been used as a device to stimulate financial exercise and affect labor market dynamics. The particular particulars and potential results would depend upon the precise provisions of the laws.