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Obama White-Collar Overtime Pay Mandate Blocked by Judge

Posted by Howard J. Kass, CPA, AEP®, CGMA, Partner on Nov 23, 2016 11:42:44 AM

(Bloomberg) An Obama administration policy that would have given more white-collar workers overtime starting Dec. 1 was blocked nationwide by a federal judge in Texas. The decision Tuesday is a victory for 21 states and dozens of business groups that sued, complaining the new rule would increase government costs in their states by $115 million next year alone and would put private employers on the hook for millions of dollars more, possibly leading to layoffs.

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Topics: minimum wage, Howard Kass, Taxes - Corporate & Business

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