You often hear that the Bush Administration is pro-business. It’s somewhat surprising that more people don’t pay attention to this aspect of things, because that’s what impacts our own lives the most. After all, most Americans are employees, not employers. And the already large gap between the two is exemplified by situations like one local company I know of where the employer pockets millions per year while the employees earn — shall we say — “somewhat less.”
Now comes this…
The Economic Policy Institute report estimated that among those who would lose overtime protection were nearly 2 million administrative workers who can be classified as “team leaders” and 920,000 workers who can be reclassified as a “learned professional” even though they do not have college degrees.
The EPI study also said 1.4 million workers who, because of the rules changes, can be reclassified as executives will lose overtime pay as will an estimated 130,000 chefs and cooks, 160,000 financial service workers and 117,000 teachers and computer programmers. — “Bush Overtime Rules Slammed” (July 14, 2004) CBS News Online.
Pro-business? Just mean? Hmmm…maybe it’s both. Four more years of this and most Americans won’t need tax cuts; we’ll be making so little money we can all do EZ-1040 and have nothing to pay!
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