Connect with us

Hi, what are you looking for?

NewsTimes.co.ukNewsTimes.co.uk

WORLD NEWS

4.2 million Americans lose overtime pay and Republicans rejoice the ‘victory’ for small businesses

Republicans are jubilant after a federal judge granted a preliminary injunction to president Obama’s overtime pay rule, dashing hopes for millions of Americans who would have benefitted from being paid overtime.

The most significant intervention from the president on wages – set to start 1 December – is now in jeopardy, after he failed to persuade congress to raise the minimum wage from $7.25 per hour.

The extra pay would have aided 4.2 million Americans – many of whom would have voted for Donald Trump – as it doubled the threshold of eligibility for overtime pay for people who earn an annual salary to $47,476 and work more than 40 hours per week.

The US chamber of commerce said it was a victory for small businesses who had been stifled by red tape.

Although Mr Trump wooed middle class voters with the promise of jobs and bringing back manufacturing, he also said he would fight for small businesses and red tape.

Paul Ryan’s net worth = $566,1038

He’s
cheering
that 187,000 Wisconsinites earning less than $47,476 won’t get paid for working overtime https://twitter.com/SpeakerRyan/status/801234491952037888 

Very disappointed by emergency injunction on @USDOL’s overtime rule–a blow to working families across US.

The request to block the rule came from Leslie Rutledge, the Republican attorney general of Arkansas, who met with the Trump transition team last week.

Senator Ted Cruz, whose net worth is more than $3 million, said the move was “great news for job creators across America”. The measure would have provided overtime pay to 1.2 million Texans.

Arizona senator John McCain said the block was also good news as it stopped small businesses being forced to comply with “onerous federal legislation”. Over 250,000 people in Arizona will be stripped of extra pay.

House speaker Paul Ryan said the measure would have been a “disaster that would hurt the very people it claims to help”.

Igor Volsky, deputy director of the Center for American Progress Action Fund, said Mr Ryan’s net worth was over $500,000.

“He’s cheering that 187,000 Wisconsinites earning less than $47,476 won’t get paid for working overtime,” he wrote on twitter.

Read more at independent

Advertisement. Scroll to continue reading.

You May Also Like

UK NEWS

Professing to be the lead in Thai relationship with over 1.5 million enrolled single people, Cupid Media’s ThaiCupid brings the one in every of...

UK NEWS

Read more about switzerland women here. Swiss ladies and men are not reknown for being the most chatty, outgoing or spontaneous when meeting strangers...

WORLD NEWS

An exclusive article form Orestis Karipis In the 1930’s and 1940’s acid was the weapon of deceived husbands and wives in the Western world...

FOOD TIPS

In food, if there is one thing you can say without fear of contradiction, it is this: Britain loves burgers. The UK market is...

Copyright © 2020 NewsTimes.co.uk All Rights Reserved