Obama’s Overtime Rule Raises Pay for Millions
U.S. News & World Report discusses the coalition letter headed by CEI urging Congress to take action against the overtime pay rule.
The Competitive Enterprise Institute, a libertarian think tank, also sent a letter to Congress this week calling on lawmakers to "defund, block and otherwise nullify the Obama administration's effort to change our nation's overtime rules."
"Industries and organizations across the country – from universities to community care providers – would face drastic increases in labor costs as a result of the Obama administration's new interpretation of the Fair Labor Standards Act," the letter said, voicing support for Republican-led efforts that would require the government to spend more time analyzing the economic implications of broadened overtime regulations.
Congress has derailed Obama-led labor reform efforts before, so it's difficult to say what the exact fate of this latest rule will be.
Read the full article at U.S. News & World Report.