Obama's new proposals before presidential election

Obama plans to expand overtime eligibility for millions of workers

Obama's new proposals before presidential election

World Bulletin / News Desk 

U.S. President Barack Obama on Monday announced a proposal that would make nearly 5 million more workers eligible for overtime pay, a move that would touch nearly every sector of the U.S. economy and could face legal challenges.

Obama in an editorial posted on the Huffington Post website said the proposal would more than double the maximum income a salaried worker can earn and still be eligible for overtime pay to $50,440, or $970 a week. The current threshold is $23,660.

"Right now, too many Americans are working long days for less pay than they deserve," Obama wrote.

It was not immediately clear if Obama would also move to narrow an existing exemption from overtime pay protections for low-level white collar workers, as many observers had expected.

Obama said he would discuss more details of the proposal later this week in Wisconsin.

When the proposal is published, it will set off a comment period during which business groups are expected to argue that the rules would not have their intended effect of putting more money in U.S. workers' pockets and could kill jobs.

Güncelleme Tarihi: 30 Haziran 2015, 11:57
YORUM EKLE