Washington DC – A new bipartisan bill in Congress would provide rail workers with tax exemptions on their overtime pay.
The “No Tax on Overtime for All Workers Act” was introduced in the U.S. House of Representatives by Rep. Nicole Malliotakis (R-NY). Other cosponsors include Reps. Emilia Sykes (D-OH), Nick LaLota (R-NY), Steven Horsford (D-NV), Brian Fitzpatrick (R-PA), and Tom Suozzi (D-NY).
Mark Wallace, BLET National President and President of the Teamsters Rail Conference, said BLET and the Teamster Rail Conference led the initiative and worked with partner unions and legislators to advance the bill. He also expressed appreciation to the bipartisan coalition of legislators for introducing the bill and taking positive steps to address the concerns of BLET members.
Legislation passed earlier this year granted tax exemptions on overtime pay to workers governed by the Fair Labor Standards Act. The new legislation expands on the previous bill and, if passed, would grant tax exemptions on overtime pay to BLET members and other workers governed by the Railway Labor Act. Under the proposed bill, rail workers would be able to deduct up to $25,000 of overtime pay from their annual income for tax purposes.
BLET and other rail unions are currently advocating for introduction of a companion bill in the U.S. Senate.
