Sen. Roger Marshall, R-Kan., a member of the Finance Committee, explained to Newsmax his proposed no tax on overtime bill, which would tax overtime pay after $10,000 for single people and $20,000 for married couples.
“We’re going to let that first $10,000 of overtime wages that you make; we’re going to make sure the government doesn’t take home any of that — $20,000 for a [married] couple — that means you could keep up to $4,000 more of your hard-earned money,” Marshall told “Finnerty.”
According to The Wall Street Journal, which reported Tuesday on Marshall’s proposal, “the break for overtime pay would start phasing out once individual adjusted gross income reaches $100,000 or when a married couple’s income reaches $200,000.
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