For 2305's look at presidential powers:
- President Obama overtime rule could raise wages for 5 million: The threshold to qualify for overtime pay, now $23,660, will rise to $50,440.
- President Obama overtime rule could raise wages for 5 million: The threshold to qualify for overtime pay, now $23,660, will rise to $50,440.
President Barack Obama will this week propose giving millions of Americans a raise.
On Tuesday the White House will begin releasing the details of a long-awaited overtime rule aimed at lifting wages for up to five million people as soon as 2016, according to sources familiar with the plans. The president will announce the rule formally during a trip Thursday to La Crosse, Wisconsin.
The proposed rule would more than double the salary level under which virtually all workers qualify for overtime pay whenever they work more than 40 hours in any given week. That threshold, now $23,660, would rise to $50,440 — a number that the administration believes would encompass many workers now classified as managers—and would increase automatically in future years.
“In this country, a hard day’s work deserves a fair day’s pay,” Obama wrote in an op-ed published Monday evening by the Huffington Post — an outreach to the president’s base on the left. “That’s at the heart of what it means to be middle class in America.”
Meanwhile, the Chamber of Commerce, a major White House ally in the recent trade fight, is deeply opposed, with Randy Johnson, senior vice president of Labor, Immigration and Employee Benefits calling the rule “another example of the administration being completely divorced from reality and adding more burdens to employers and expecting them to just absorb the impact.”What is an Executive Order?
- Wikipedia: Executive Order.
- American Presidency Project: Executive Orders - Summary Table.
