Friday, Oct. 9, 2015|1:37 p.m.
. As your home Republican politician caucus plunged into chaos over the surprise withdrawal of Rep. Kevin McCarthy in the race to replace outgoing Speaker John Boehner, one of Nevada’s representatives found time to check out turmoil of another kind: A new regulation by the Department of Labor that Rep. Cresent Hardy said would force businesses to shoulder unjust expenses in overtime payment.
The House Small company Subcommittee on Investigations, Oversight and Laws, which Hardy chairs, held a hearing on Thursday on the new guideline.
“Small-business owners and their workers should be afraid of exactly what will be compelled on them by the Department of Labor,” Hardy stated. “Had my business been needed to make this change, my staff members could have lost their medical insurance and other benefits.”
In July, the Obama administration proposed extended overtime wage regulations to nearly 5 million white-collar workers. Presently, companies are required to pay overtime to employees who earn less than $23,660 each year.
The proposition would raise that cap to workers making less than $50,440. According to the Department of Labor, the change would impact 211,000 small businesses nationally. The threshold was last upgraded in 2004.
“A one-size-fits-all technique from Washington seldom works for our varied nation,” said Hardy. “Nothing prevents a business owner from offering advantages reflective of long hours, but we have to protect their freedom to make these choices based on their own monetary ability.” Hardy stated that it would be better for any choice on overtime to be dealt with by Congress, rather than the administration.
The new guideline might go into effect as quickly as January 2016. For more on the proposed regulations, click on this link.