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“ Democratic priorities are clear: we will fight to get the economy back on track, we will create jobs, and we will help unemployed workers. ” |
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Pelosi: 'New Overtime Rules Represent Largest Middle-Class Pay Cut in History'
Washington, D.C. -- House Democratic Leader Nancy Pelosi issued the following statement today on new overtime regulations that the Bush Administration will put into effect on Monday.
"These new regulations represent the largest middle-class pay cut in history - starting Monday, more than 6 million workers will lose their right to overtime pay.
"President Bush and the Republicans simply do not understand that middle-class families need their overtime pay more than ever in this sluggish economy. Workers need overtime pay to put food on the table, to make ends meet, to buy a home, and to send their children to college.
"Millions of workers who are directly affected by the new rule will have to work longer hours for less money. And the impact will be felt by millions more who will no longer have the opportunity to work overtime because their overtime hours will now go to those who are newly exempt from overtime protection.
"At a time when middle-class families are feeling the pinch of President Bush's failed economic policies, it is unthinkable that the Administration is proposing overtime regulations that cut the pay that families depend on."
"Democrats will continue to use every means available to protect overtime pay and enhance the standard of living of working Americans."
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“ Democrats are united in presenting a New Direction for America, one that will make our nation as strong as its people, one that brings opportunity, security, and prosperity to all Americans. ”
Democratic Leader Nancy Pelosi
