Tag: White House

Employers need to be ready for new overtime rule by December 1

The flurry of speculation is finally over. The White House and the U.S. Department of Labor (DOL) have released the new final rule governing which workers must be paid overtime. The changes aren’t quite as drastic as what employers were preparing for based on the contents of the proposed rule made public last summer, but […]

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Politics, Negative Ads, and Trust

Oswald, CEO of BLR, offered his thoughts on negative ads in a recent edition of The Oswald Letter: Take a look at the 2012 presidential race between President Obama and former Massachusetts governor Mitt Romney. The race has already taken on a very negative tone. A recent study by Wesleyan University showed that 70% of […]

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New Rules Proposed to Provide FLSA Protections to In-Home Care Workers

The U.S. Department of Labor (DOL) is proposing a rule change that would expand minimum wage and overtime protections for many employees in the home-care industry. A statement from the White House on December 15 said that if implemented, the proposed rule would affect nearly two million workers who provide in-home care services for the […]

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Premium Subsidy Extension Becomes Law

Trade legislation that also extends premium subsidies for health coverage under the Health Care Tax Credit (HCTC) program was signed into law by President Obama Oct. 21. The HCTC was enacted as part of the Trade Act of 2002. As originally enacted, it provided a 65-percent tax credit for qualifying health coverage (including COBRA continuation […]

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Health Coverage Premium Subsidies Need Boost, Says White House

Premium subsidies for health insurance coverage under the Health Care Tax Credit (HCTC) program may get a boost due to an agreement being negotiated between the White House and Congress. The HCTC program was enacted as part of the Trade Act of 2002. As originally enacted, it provided a 65-percent tax credit for qualifying health […]

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Senate Approves Pension Security Bill

It’s no secret that the private pension system in the United States is in crisis. Last week, the Pension Benefit Guaranty Corporation (PBGC), which insures pensions for about 44 million Americans, announced that it has a startling deficit of $23 billion, fueled largely by having to take over pension plan liabilities of bankrupt airlines. But […]

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