Judd Gregg: “I believe we are about ready to vote. A lot of the debate has occurred, and I think it has been healthy and to the…”

“I believe we are about ready to vote. A lot of the debate has occurred, and I think it has been healthy and to the point. I do believe we should reiterate a couple of points. First off, the original regulations are not what are at issue. The original regulations have been fundamentally changed. When the Senator from Massachusetts says, as I take it to be a fact if he represents it here, that $33,000 is the average income of people who have incomes which are overtime related, that is fine. Under this new regulation, those people are not going to be impacted because this regulation, first, raises the minimum where one is guaranteed overtime from $8,000 to $23,400. So anybody making $23,400 is guaranteed overtime no matter what their job classification is. People between $23,000 and $100,000 are also exempt under this language because of the way the regulation has been proposed. The only people who are at risk under this legislation are people earning more than $100,000 who are working white collar jobs. Blue collar jobs over $100,000 of income are not at risk. There are potentially 6.7 million people who benefit from this regulation, directly immediately, because they are the people who are making up to $23,000. This is not even an accurate number--it may be much less--potentially 100,000 people making more than $100,000 may be impacted as a result of holding white collar positions which are no longer overtime related.”