There are ways to justify this (decreasing marginal tax rates are consistent with optimal tax theory, as you get the incentive effect without the reduction in revenue on the hours that people would work anyway), but in general I'm kinda worried about tax policy being driven by memetics. Becomes a complexity nightmare.

If someone is doing overtime it means someone else mismanaged something up the stream. Solve the root of the problem.

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Yes. And occasional instances wouldn’t be subject to presidential level issues.

Having one person occasionally working overtime is almost certain to cost less near-term than hiring another person

So it could also mean that the company in question doesn’t have the capacity to absorb the cost of hiring more and thus must either ask employees to work overtime or close up and exit the market