Small-business owners are expressing relief after a federal judge in Texas struck down a Biden administration rule that would have significantly expanded overtime pay eligibility for salaried workers.On November 15, the Texas court's decision blocked the rule, which sought to increase the salary threshold for overtime eligibility to $58,656 starting January 1, up from $43,888 as of July 1.With the ruling, the threshold reverts to the $35,568 level set in 2019 under the Trump administration.
John Arensmeyer, the founder and CEO of Small Business Majority, said the proposed threshold increase would have been overwhelming for businesses still recovering from the pandemic.'Although blocking any increase to the threshold fails to take into account inflation, the Department of Labor tried to do too much too fast resulting in sticker shock for small businesses that are still recovering from the pandemic,' Arensmeyer said.
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Small business owners breathe easier over labor costs after decision to strike down overtime ruleSmall business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay.
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Small business owners breathe easier over labor costs after decision to strike down overtime ruleSmall business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay. On Nov. 15, a federal judge in Texas blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.
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Small business owners breathe easier over labor costs after decision to strike down overtime ruleSmall business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay.
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Biden administration overtime pay rule opposed by business groups struck down by federal judgeThe Labor Department rule that took effect in July improperly bases eligibility for overtime pay on workers’ wages rather than their job duties, a judge said.
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Small business owners breathe easier over labor costs after overtime rule struck downSmall business owners have had a mostly positive reaction to a judge’s decision to strike down an overtime rule that would have qualified more workers for overtime pay
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