WASHINGTON — Greg Regan and Shari Semelsberger, President and Secretary-Treasurer of the AFL-CIO Transportation Trades Department (TTD), issued the following statement in support of House legislation to expand a current provision in the U.S. tax code that allows workers to deduct overtime pay above their normal hourly wage for tax purposes:
“Today, we commend Representatives Nicole Malliotakis (NY-11), Emilia Sykes (OH-13), Tom Suozzi (NY-3), Nick LaLota (NY-1), Brian Fitzpatrick (PA-1), and Steven Horsford (NV-4) for introducing legislation to expand this tax deduction benefit for qualifying overtime pay, which can mean thousands of dollars in tax savings for union workers. We look forward to working with all of our partners in Congress to ensure this legislation moves forward.
“With this bill, millions of workers, including railroaders, aviation professionals, seafarers, truckers, emergency responders, and delivery workers, would be able to deduct up to $25,000 of qualifying overtime pay from their annual income for tax purposes. These workers put in long hours to keep our supply chain moving, support the economy, and serve the public, and deserve a tax deduction for overtime pay above their normal hourly wage, which workers in other industries covered under the Fair Labor Standards Act currently enjoy.”
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