Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I stand in opposition to H.R. 6094, the inappropriately named Regulatory Relief for Small Businesses, Schools, and Nonprofits Act. First of all, it is not limited to those. It is for all employers. It would delay the implementation of the overtime rule for 6 months. The rule is currently slated to go into effect on December 1, and working families can't wait another 6 months for a long-overdue adjustment in the overtime rule. We ought to talk a little bit about what we are talking about. If today you are earning $10 an hour, if you work more than 40 hours a week, you get time-and-a-half for every hour worked over 40. And if they change that to the same amount, instead of $10 an hour, $20,000 a year, you still get time-and-a-half for overtime after 40 hours because your salary is under the approximately $23,000 threshold. {time} 1830 If you make $15 an hour, you get time-and-a-half for over 40 hours; but if they change that and call it $30,000 a year, the hours you work over 40 you not only don't get time-and-a-half, you don't get paid at all. You just worked extra hours because you are over the threshold. Now, when the threshold was established many years ago, 60 percent of salaried workers were covered by the overtime rule. They were under the threshold and got overtime. But because it wasn't adjusted for inflation, it is now only about 7 percent of salaried workers who get overtime protection.…”