“New overtime salary threshold ignores the economic realities middle-class workers are facing”

by: Mark Takano (D-CA, 41st)

Washington, D.C. - March 4, 2019 - (The Ponder News) -- Rep. Mark Takano (D-CA, 41st) released the following statement following reports that the U.S. Department of Labor plans to raise the overtime pay threshold to $35,000 from $24,000 through new rule making

“The Department of Labor’s new overtime salary threshold ignores the economic realities middle-class workers are facing across the country. The $35,000 overtime pay threshold is woefully inadequate compared to the Obama-era regulations that would have increased the threshold to nearly $50,000 a year.

“The fact that there hasn’t been a meaningful update to overtime rules in more than four decades presents the Trump Administration with an opportunity to implement significant reforms to how workers are compensated for overtime hours. Unfortunately, this new proposed threshold falls drastically short of what is needed to bring overtime compensation up to date for our current economy.

“It’s clear that President Trump and his Administration are not doing enough to change the rules that have long been rigged against American workers. Therefore, it is up to Congress to step up and take bold steps on behalf of middle-class families – that includes expanding overtime pay for millions of Americans. In the coming days, I plan on introducing the Restoring Overtime Pay Act to codify into law a meaningful overtime pay threshold that is responsive to the current needs of workers.”

ICE, NFL, Graham-Cassidy Bill, Planned Parenthood, Alabama, Election, Terrorism, Earthquake, Taxes, Drugs, Overtime Rule, Title IX

The links can be accessed on this page: http://thepondernews.blogspot.com/2017/09/ice-nfl-graham-cassidy-bill-planned.html

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Chabot Praises Court Decision to End Overtime Rule

Source: House Small Business Committee

Washington, D.C. - September 8, 2017 (The Ponder News) -- Last week, a federal judge struck down the Obama administration’s costly Department of Labor’s (DOL) overtime rule. House Small Business Committee Chairman Steve Chabot (R-OH) commended the decision in the following statement:

“Small business owners, and their employees, can breathe a sigh of relief knowing they will have to worry about one less burdensome rule that hurts their business or affects their job. This is an issue the Committee has been working hard to reverse. I look forward to working with the new Administration as the Department of Labor continues to get feedback from stakeholders about what would be most favorable to small business owners,” said Chairman Chabot.

Chairman Chabot and Committee Republicans have focused on the DOL overtime rule throughout the 114th and 115th Congress.

The Committee has held numerous hearings and roundtables and sent letters explaining the damage this rule would cause to small businesses.

The Department of Labor is still inviting stakeholders to submit public comments on the overtime rule. For more information, the Committee has put together a Regulatory Watch page on our website to track regulatory proposals that have been published in the Federal Register and are open for public comment.

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