‘Money, money, money': White House talks up ‘no tax on overtime' under Trump's pet bill that came under fire from Musk
The White House has touted the benefits of United States President Donald Trump's 'One Big Beautiful Bill,' which has seen pushback from many quarters and was the starting point for former DOGE chief Elon Musk's public critique of the president. A video posted by the official handle of the White House on multiple social media platforms Monday talked up the proposal to eliminate tax on tips and overtime.
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
15 minutes ago
- New Indian Express
Israel-Iran conflict: Trump open to regime change in Tehran after his administration said that wasn't the goal
Following the US military strikes on three key nuclear sites in Iran, President Donald Trump on Sunday called into question the future of Iran's ruling theocracy. While Washington maintains that it is not seeking regime change in the Islamic Republic, Trump's more ambiguous remarks have fuelled speculation. On Sunday, the US military launched strikes on three key sites in Iran, raising urgent questions about the status of Tehran's nuclear programme and how its weakened military might respond. The strikes marked a significant escalation, coming after over a week of Israeli attacks aimed at systematically dismantling Iran's air defences, offensive missile systems, and nuclear infrastructure. The US and Israeli officials said American stealth bombers and the 30,000-pound (13,600-kilogram) bunker-buster bomb - capable of reaching Iran's deeply buried nuclear facilities - offered the best chance of neutralising fortified sites. Trump announced the strikes, and Iran's state-run IRNA confirmed that the targets included Fordo, Isfahan, and Natanz nuclear sites. The Pentagon claimed the strikes had 'devastated' Iran's nuclear programme, aligning the US with Israel's ongoing military campaign. Meanwhile, Iran's foreign minister declared that the country reserves the right to retaliate, as tensions mount and the international community urges restraint to prevent a wider regional conflict. According to the Washington-based group Human Rights Activists, Israeli strikes across Iran have killed at least 950 people and wounded 3,450 others. Of the dead, the group identified 380 civilians and 253 members of the security forces.
Time of India
19 minutes ago
- Time of India
Fordoward Thinking
Iran may still negotiate with US, taking a long view, while skirmishing with Israel. Even if its nuclear infra is damaged, its knowhow isn't. But if the conflict spreads, welfare of 9mn Indians in the region will be New Delhi's first concern For two decades every United States administration said it might someday bomb Iran's enrichment plants. On Saturday night that 'someday' arrived. B-2 stealth bombers dropped 30,000-pound 'bunker buster' bombs while submarines and aircraft launched Tomahawks at Fordow, Natanz and Isfahan, the three most consequential nodes in Iran's IAEA monitored nuclear network. Trump declared that 'Fordow is gone', and that Tehran must 'agree to end this war'. The flourish was vintage Trump – muscular and headline grabbing. But behind the applause lines lies a strategic gamble whose downsides may echo far beyond Qom. Trump crossed a threshold earlier presidents tiptoed around, turning an Israel-Iran slugfest into a US-Iran confrontation. He insists the raid was a 'one-off', intended to cripple enrichment. Although neither US nor Israel has produced evidence that Iran was on the brink of building a bomb, the Pentagon's quick look report claims the strikes set the programme back by years at minimal cost. Physics, however, counsels humility. Centrifuges are hardware while enrichment expertise is software lodged in scientists' heads. Bombs can destroy cylinders but not knowledge. Hardliners in Tehran will now argue that only a nuclear weapon can deter the next bunker buster. Did the raid delay a bomb or make it inevitable? Iran accused US of a grave violation of the UN Charter, NPT and international law and vowed that it will not go unanswered. The easiest escalation is to menace the Strait of Hormuz through which about a fifth of global oil passes every day. Next may come missile salvos on Gulf energy infra or on US installations, and then the possible activation of proxies from Lebanon to Yemen. With Iran's parliament reportedly approving the closure of the strait, Brent could easily move past $100 a barrel. Oxford Economics projects $130 if flows are disrupted, a level that would push world inflation back toward 6%. Traders are already paying a war premium in afterhours quotes. Jerusalem meanwhile is jubilant. Netanyahu called the strike a bold decision. Strategically Israel has shifted part of the fight and the risk to Washington. If Iran retaliates, Americans rather than Israelis will calibrate the counterpunch. That is deterrence by entanglement in the short run. Over time it hands Iran a larger menu of US targets and risks dragging America into a war it does not want. Russia immediately cited the bombing as proof of US recklessness while Beijing called it a serious violation of international norms. Any condemning move at the Security Council will face a US veto. However, in the General Assembly the Global South is expected to side with Iran in significant numbers. For India the strike lands like a thunderclap at a cricket match. New Delhi has tried to balance a growing partnership with Washington, deep defence ties with Israel and consequential arrangements with Tehran, from the Chabahar port to International North-South Transit Corridor and once-robust crude imports. That balancing act has lately been criticised by the main opposition party. ● The immediate anxiety is economic. The Gulf supplies 54% of India's oil, generates about 40% of its remittances and accounts for more than $170bn in two-way trade. India imports more than 80% of its crude; every ten dollar rise in Brent adds about one billion dollars a month to the import bill and pressures the rupee. Consumer inflation just slipped below 5%; a Hormuz scare could undo that gain and complicate RBI's plan to cut rates. GOI is already moving to secure supplies, eyeing the strategic petroleum reserve and talking to several producers to ensure continuity. ● A second priority is the safety of nearly nine million Indians working in the region. Evacuation from Iran and Israel is underway. Operation Sankalp ships in the region can be helpful, if required. Diplomatically India has open channels with Washington, Tehran and Jerusalem, but leverage is thin while missiles fly. Still New Delhi may be able to offer discreet messages that help each side edge away from the brink, just like back-channel efforts by Qatar and Muscat. Meanwhile others such as Saudi Arabia and UAE are actively counselling restraint. The key actors need face-saving options. That also means Washington spelling out what de-escalation looks like. Would it accept enrichment capped below weapons grade? Does it envisage returning to the JCPOA framework with phased sanctions relief? Absent clarity Tehran will read 'time for peace' as code for surrender. In US, supporters have praised decisive action; critics have warned that the President had bypassed Congress and demanded a War Powers vote. Trump's boast that the mission was historic and limited is politically smart yet strategically ambiguous. If Iran swallows the blow and returns to talks the White House can claim victory. If Tehran retaliates Washington can strike again and say it had no choice. Either way the attack chips away at the nonproliferation regime and bets that humiliation will not ignite a wider war. The US entry into another West Asian conflict recalls 1991 and 2003, but this round involves nuclear facilities, peer power pushback and an energy hungry Global South. Fordow's tunnels may indeed be rubble, yet geopolitics rarely collapses neatly. US strikes may be tactically brilliant. Strategically they kick a radioactive can down a much steeper road. That road needs to be kept from becoming a cratered battlefield. The test is whether diplomacy can move faster than the bunker busters. The writer is former permanent representative of India to UN and served as an international civil servant at IAEA Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
News18
20 minutes ago
- News18
Pakistan Politicians Urging Govt To Reconsider Trump's Nobel Peace Prize Nomination: Report
Pakistani leaders are urging their government to reconsider the decision to nominate Trump for the 2026 Nobel Peace Prize, calling it contradictory to his record on conflicts.
