The Economic Policy Institute has tracked a recent overtime pay cut engineered by the Trump administration and calculated what the rule change is going to cost U.S. workers. Earlier this year the Department of Labor abandoned 2016 regulations that expanded 40-year-old overtime rules. The rules from the Obama DOL could have increased overtime pay for workers by billions. However, since the new regs were challenged in court in 2016 by a coalition of 21 states and business groups, President Trump recently dropped any federal effort to defend them. Failure to enact them, the EPI calculated, will cause the loss of $1.2 billion per year in lost overtime for workers.
In New England it looks like New Hampshire is a bigger loser of overtime than Vermont. EPI’s estimates show New Hampshire misses out on $6,078,793 per year without the updated overtime regulations compared to Vermont’s estimated loss of $3,032,958.
Here’s the state by state chart showing the numbers potentially lost for Vermonters.
We haven’t even mentioned yet the lost tax revenue for states on those wages.
And meanwhile overtime is definitely not a problem at the White House. It turns out President Trump’s daily schedule has been adjusted to allow “Executive Time” so he can spend three hours in the morning watching TV and head to the oval office later. Between 8 a.m. and 11 a.m. Axios.com reports The Donald is having “Executive Time” in the Oval Office, but in reality: … [he] spends that time in his residence, watching TV, making phone calls and tweeting. […] Trump’s days in the Oval Office are relatively short – from around 11 a.m. to 6 p.m., then he’s back to the residence. During that time he usually has a meeting or two, but spends a good deal of time making phone calls and watching cable news in the dining room adjoining the Oval. Then he’s back to the residence for more phone calls and more TV.
The White House is calling it “Executive Time” but “Fox and Fury Time” might be more accurate given that his often rage-filled morning tweets tend to coincide with Fox News broadcasts. Often, Politico.com reports presidential tweets begin popping up minutes after a Fox report airs.
So welcome to America 2018 where President Trump – a self-described “very stable genius” – can happily spend three or more hours (in his pajamas?) every morning in front of his wide screens stroking his ego. But his Department of Labor won’t support or defend restructured overtime rules for workers. Just like that “tax cut” bill he signed: all the pie for the billionaires, none but crumbs for the workers.