In a recent interview on "Face the Nation with Margaret Brennan," Republican nominee for vice president, JD Vance, voiced his support for former President Donald Trump's plan to eliminate taxes on overtime pay. Vance argued that this proposal reflects the GOP's belief in allowing American workers to keep more of their own money.

During a speech in Arizona, Trump pledged to eliminate income taxes on overtime pay, aiming to provide people with greater incentives to work. This announcement came after a series of tax proposals focused on hourly workers, including tax cuts on tips and social security benefits.

However, any changes to the tax code would require Congress' approval. There could be an opportunity for this proposal in 2025, when Trump's 2017 tax cuts are set to expire. It is important to note that implementing such changes may raise concerns about increasing the deficit, which conservative members of Congress strongly oppose.

Vance, an Ohio Republican, argued that these tax plans align with the core ideals of the GOP. He emphasized the need not only to provide tax cuts for American workers but also to penalize companies that ship jobs overseas through tariffs. Vance suggested that by imposing penalties on imported goods, the administration can encourage more domestic manufacturing, thereby strengthening the American economy.

The Republican nominee further tied the movement of manufacturing jobs overseas to the leadership of Vice President Kamala Harris, labeling it as "one of the great tragedies" and a result of "40 years of American failure." He emphasized the progress made under the Trump administration but insisted that there is still much work to be done to address this issue.

Gary Cohn, former director of the U.S. National Economic Council and Trump's top economic adviser, also appeared on "Face the Nation" and shared his insights on tariffs and tax cuts for workers. Cohn pointed out that while it is crucial to prevent other countries from unfairly disadvantaging American workers through lower regulatory standards, tariffs on certain imported goods could lead to inflation.

Cohn emphasized the significance of taxes as a revenue generator for the government, stating that the idea of no taxes would be ideal but not realistic.

As the debate over tax policies and the promotion of American workers continues, the support for Trump's overtime tax cut proposal by JD Vance highlights the GOP's commitment to allowing workers to retain more of their earnings. Nevertheless, any significant changes to the tax code will require congressional approval and careful consideration of potential impacts on the deficit and the overall economy.