Having worked salary exempt many years, there were good and bad things about overtime. When O-T meant comp time, it was great. No extra taxable earnings, and it made for a few 3 day weekends. When the company changed that policy, the new policy stated that O-T was only paid out for the hours worked after putting in 45 hours, i.e., hours 41-45 were unpaid. For the strivers, that seemed like an incentive to impress the bosses. I refused to do it, never again worked past 40 hours, got my work done, enjoyed my family during my time off. Those co-workers who elected to work over 40 hours had less time with family, and the company didn’t care one way or another that they appeared so “dedicated.” I worked with the principle expressed by my chief executive years back: “You are expected to fulfill a 40 hour work week, and if you can’t get your job done in 40 hours, you’re inefficient.” Worked for me! Now, as for 0bama’s tampering with O-T, hasn’t he done enough damage to this country? Interfering with corporate policies can only turn out badly.
He’s trying every way he can to create more taxable income and to punish business owners at the same time.