President Bush is attempting to curtail overtime yet again in a bid to line the pockets of his CEO friends and contributors. These cuts will hurt the economy by discouraging job creation by encouraging businesses to overwork their existing staff (for no extra pay) rather than hire new workers.
The rules the president proposes would take away overtime from workers earning as little as $24,000 annually or $11.54 an hour. Contrast that with his big contributors, like former MBNA CEO Charles Cawley who earned $45,507,495 in 2003, or $5,195 for every hour of every day in 2003.
You would think with all the red ink pouring from the federal budget it would be wise to increase the tax on individuals like Cawley. Instead Bush tries to pinch those who can least afford to be pinched.
Dave Chirayath, Auburn
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