Obama signals launch of his 2016 campaign
against GOP
:HIGHLIGHTS:
President speaks in Wisconsin, where wages lag U.S. averages
Plan to expand overtime is his latest idea to boost middle class
Wisconsin Gov. Scott Walker has taken shots at the proposal
President speaks in Wisconsin, where wages lag U.S. averages
Plan to expand overtime is his latest idea to boost middle class
Wisconsin Gov. Scott Walker has taken shots at the proposal
LACROSSE, Wis. —
President Barack Obama is signaling he’s going to be a major voice in the 2106 election even if he’s not on the ballot.
Obama made his case for an expansion of overtime pay Thursday in the home state of one of the leading contenders for the Republican presidential nomination, Gov. Scott Walker, delivering a campaign-style speech that lambasted the field of Republicans in general, and Walker in particular.
“One thing that the bus full of people who are fighting to lead the Republican ticket all share is they keep on coming up with the same-old trickle down, you’re on your own economics that helped bring about the crisis back in 2007-2008 in the first place,” Obama charged.
By taking his case first to Wisconsin, where Walker has made a national reputation fighting labor unions, Obama called attention to the fact that wages in Wisconsin, as well as nationally, have not fared well in the current economic recovery or over the last few decades.
Wisconsin lags behind the national average in wages.
Last year, Wisconsin’s average salary was $42,880; the national average was $47,230, according to the Bureau of Labor Statistics.
Also, the average hourly wage in Wisconsin was $20.65; the national average was $22.71.
Obama called it a result of giving tax breaks to the wealthy and expecting prosperity to trickle down. He criticized Walker for targeting unions and said the state could take a lesson from its neighboring state of Minnesota, which raised taxes on the wealthiest and passed an equal pay law.
“Now, according to the Republican theory, all of those steps would have been bad for the economy. But Minnesota’s unemployment rate is lower than Wisconsin, Minnesota’s median income is around $9,000 higher,” Obama said.
The White House estimates that 80,000 people in Wisconsin would benefit from the new overtime rule. Walker shot back.
Obama is pushing his proposed change to the nation’s overtime pay law, which would significantly increase the number of people who qualify for additional money after working more than 40 hours in a week.
Hourly workers are guaranteed overtime pay, but current federal rules limit overtime pay for salaried workers to those earning less than $23,660 per year for a 40-hour work week. The long-awaited proposal would more than double the threshold to $50,440 per year.
The Department of Labor will seek public comments on the change before determining what to include in a final rule next year.
Supporters say the change would shore up the middle class and help workers better balance work and family obligations. Critics say it would force employers to reduce overtime hours and the number of workers.
“Making more employees eligible for overtime by severely restricting the exemptions will not guarantee more income, but instead will negatively impact small businesses and drastically limit employment opportunities,” said Randy Johnson, U.S. Chamber of Commerce senior vice president of labor, immigration and employee benefits. “Many reclassified employees will lose benefits, flexibility, status and opportunities for advancement.”
President Barack Obama is signaling he’s going to be a major voice in the 2106 election even if he’s not on the ballot.
Obama made his case for an expansion of overtime pay Thursday in the home state of one of the leading contenders for the Republican presidential nomination, Gov. Scott Walker, delivering a campaign-style speech that lambasted the field of Republicans in general, and Walker in particular.
“One thing that the bus full of people who are fighting to lead the Republican ticket all share is they keep on coming up with the same-old trickle down, you’re on your own economics that helped bring about the crisis back in 2007-2008 in the first place,” Obama charged.
By taking his case first to Wisconsin, where Walker has made a national reputation fighting labor unions, Obama called attention to the fact that wages in Wisconsin, as well as nationally, have not fared well in the current economic recovery or over the last few decades.
Wisconsin lags behind the national average in wages.
Last year, Wisconsin’s average salary was $42,880; the national average was $47,230, according to the Bureau of Labor Statistics.
Also, the average hourly wage in Wisconsin was $20.65; the national average was $22.71.
Obama called it a result of giving tax breaks to the wealthy and expecting prosperity to trickle down. He criticized Walker for targeting unions and said the state could take a lesson from its neighboring state of Minnesota, which raised taxes on the wealthiest and passed an equal pay law.
“Now, according to the Republican theory, all of those steps would have been bad for the economy. But Minnesota’s unemployment rate is lower than Wisconsin, Minnesota’s median income is around $9,000 higher,” Obama said.
The White House estimates that 80,000 people in Wisconsin would benefit from the new overtime rule. Walker shot back.
Obama is pushing his proposed change to the nation’s overtime pay law, which would significantly increase the number of people who qualify for additional money after working more than 40 hours in a week.
Hourly workers are guaranteed overtime pay, but current federal rules limit overtime pay for salaried workers to those earning less than $23,660 per year for a 40-hour work week. The long-awaited proposal would more than double the threshold to $50,440 per year.
The Department of Labor will seek public comments on the change before determining what to include in a final rule next year.
Supporters say the change would shore up the middle class and help workers better balance work and family obligations. Critics say it would force employers to reduce overtime hours and the number of workers.
“Making more employees eligible for overtime by severely restricting the exemptions will not guarantee more income, but instead will negatively impact small businesses and drastically limit employment opportunities,” said Randy Johnson, U.S. Chamber of Commerce senior vice president of labor, immigration and employee benefits. “Many reclassified employees will lose benefits, flexibility, status and opportunities for advancement.”
Read more here: http://www.mcclatchydc.com/news/politics-government/white-house/article26004631.html#storylink=cpy