Almost four dozen Republican senators signed on to a bill Tuesday to roll back the Labor Department's new overtime rule, arguing it would harm the economy.
College students in particular would be hit hard, they argued, because the rule is expected to vastly increase labor costs at institutions of higher learning, leading in turn to tuition increases.
"The number one component of a solution to the problems facing America is economic growth. Yet a growing federal regulatory burden that imposes as much as $2 trillion a year in costs on the American economy stifles growth. Now, the Obama administration is adding yet another regulation that will increase costs to businesses, nonprofits and colleges, depress entrepreneurial spirits and cause negative unintended consequences for employees," said Sen. Ron Johnson, R-Wis.
Read more at The Washington Examiner: http://www.washingtonexaminer.com/senate-gop-moves-to-counter-overtime-rule/article/2593211