Opinion:Trump has turned the government against the middle class [View all]
Opinion: Trump has turned the government against the middle class
By Sam Berger at Market Watch
https://www.marketwatch.com/story/trump-has-turned-the-government-against-the-middle-class-2019-08-14
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Early in his presidency, Trump quietly abandoned a rule guaranteeing overtime pay to millions of people making up to around $50,000 a year, which would have boosted working- and middle-class wages. In its place, he’s proposed a watered-down rule, which would result in a cut to workers’ pay of $1.2 billion every year.
That’s not all. Trump has abandoned a rule that prevented savers and retirees from being cheated by unscrupulous financial advisors.
Every year, people lose $17 billion in retirement savings because of financial advisers with conflicts of interest. And to add insult to injury, Trump is looking to weaken standards for fuel efficiency and climate pollution, which would cost American families $23.8 billion every year, largely because of higher gas spending.
Trump has given away hundreds of billions of dollars to the wealthy and corporations, helping conservative donors, members of Congress, and himself. Meanwhile, he’s raised costs on American families through a mixture of cutting their wages, driving up their spending, and draining their retirement savings.
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