Political Quotes

On the recordSeptember 28, 2016
As chairman of the House Small Business Committee, I want to thank the gentleman from Michigan for his leadership on this issue. I am a cosponsor, and I strongly support passage of this legislation. The Department of Labor's overtime rule is yet another one-size-fits- all mandate out of Washington that will have severe negative impacts on small businesses and their employees. Countless small employers, including small businesses, nonprofits, and counties, simply do not have the profit margins or budget flexibility to increase the salaries of workers who are currently exempt to the new salary level. Not only is the 100 percent salary level increase too high, but the compliance timeline is far too short. With the December 1 deadline looming, small businesses are scrambling to figure out how the rule will impact them and what they need to do to comply to stay out of trouble with this Federal Government. According to a survey by Paychex, 49 percent of businessowners aren't even aware of the final overtime rule, which is rapidly breathing down their necks. Over the past year, the Committee on Small Business has heard from countless small businesses that share their concerns about the overtime rule. {time} 1900 Many small businesses currently give their employees flexible schedules, pay increases when they can afford it, and offer career advancement opportunities because employees are the key to their successes. They want to treat their employees well.…
Said by
Steve Chabot
Republican · Ohio
Source
govinfo.gov
Sep 28, 2016

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