New rule would have costly impacts on small businesses
WASHINGTON, D.C. (Aug. 30, 2023) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the following statement in response to the Department of Labor’s proposed rule on the overtime threshold:
“Small businesses often struggle with the ever-changing nature of federal regulations,” said Beth Milito, Executive Director of NFIB’s Small Business Legal Center. “The overtime threshold was last increased in 2019, and now is not the time to saddle small businesses with another costly regulation when the small business economy is still recovering. We urge the DOL to consider the economic impact the new requirement would have on small businesses and avoid issuing the rule.”
