‘Money, money, money': White House talks up ‘no tax on overtime' under Trump's pet bill that came under fire from Musk
Asserting that 'you keep what you earn,' under the proposed bill, it proclaimed: 'More hours = More cash. That's America First.' followed by emojis of an explosion and the American flag.
The White House captioned the post: 'Money, money, money, moneyyyy! Every overtime shift? TAX-FREE. Under President Trump's One Big Beautiful Bill, YOU KEEP WHAT YOU EARN. More hours = More cash. That's America First. US.'
A post shared by The White House (@whitehouse)
The 'One Big Beautiful Bill' seeks to shake up several aspects of the US economy, according to the Trump administration, including via
Tax cuts: The bill promises permanent tax cuts, with a double-digit per cent decrease in tax bills
No tax on tips and overtime: Eliminates federal taxes on tips and overtime pay for workers
Tax relief for seniors: Slashes taxes on seniors' Social Security benefits
Medicaid changes: Removes illegal immigrants from taxpayer-funded Medicaid benefits; Prohibits Medicaid funding for gender transition procedures for minors.
Raises debt ceiling: It raises the upper limit on what the US government is allowed to borrow to keep itself running. The US government already runs a deficity.
Why the bill has sparked debate
The One Big Beautiful Bill has sparked intense debate and also ignited the infamous Trump-Musk feud. Days before exiting his role as a special government employee, Musk said he was 'disappointed' to see the bill.
'I was disappointed to see the massive spending bill, frankly, which increases the budget deficit and undermines the work that the DOGE team is doing,' Musk said, while speaking to CBS News. 'I think a bill can be big or it can be beautiful, but I don't know if it can be both,' he said.
Once outside the government setup, his criticism was more scathing, calling it a 'disgusting abomination'. He also called on the Americans to tell their representatives in Washington to 'kill the bill'. Trump soon turned his ire towards his once staunch ally, warning him of 'serious consequences' if the Tesla boss proceeded with plans to fund Democratic candidates.
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