Obama administration policies could affect small businesses

and insurance could have you tightening your budget next year. today local businesses leaders and members of “home grown el paso” met to discuss the ne changes. abc-7’s jerry najera is live to explain.. … it’s a move by the obama administration that could affect millions of people. a proposed overtime eligibility for 47% of the workers in the u.s and a new obamacare policy that would have employers shelling out more money to insure their employers. “what companies are expecting t see are the most significant and sweeping changes to the overtime laws in many years” diana valdez is a labor and employment attorney. she’s also on the home grown el paso board. the organization helps promote and educate local businesses. and the topic tuesday evening: “in march of 201 president obama issued a directive to the department of labor to revise basically the rules that govern overtime” th way it works now, companies can avoid paying ot to any full-time workers making as little as $23,660 — or $455 a week — by classifying them as “exempt” and paying them a salaried employees, rather than hourly. that means when they don’t get overtime pay even if they work more than 40 hours a week. the department of labor is proposing raising the $23,660 income to somewhere between $42,000 and $52,000. another change coming to small businesses: insurance. in the past if businesses had more than one- hundred employees they would have to shell out some money to have their employees covered. in january the number drops to 50 employees. “th restaurants are the ones that have the most employees there the ones with the big problem” george seanz owns cielo vista insurance. he works with employers covering their workers. “it’s getting to a point where they have to buy it the penalties are a lot higher that getting insurance” seanz says wit penalities that can cost up to 2- thousand dollars a month employers are opting to insure their employees but the customer will see the hit “that’s going to be put o the price of the food because that money has to come from somewhere” and seanz says time is running out. cielo vista insurance. he works insurance. in the past if businesses had more than one- hundred employees they would have to shell out some money to have their employees covered. in january the number drops to 50 employees. “the restaurant are the ones that have the most employees there the ones with the big problem” george seanz owns cielo vista insurance. he works with employers covering their workers. “it’s getting to a point where they have to buy it the penalties are a lot higher that getting insurance” seanz says with penalities that can cost up to 2- thousand dollars a month employers are opting to insure their employees but the customer will see the hit “that’s going to be put on the price of the food because that money has to come from somewhere” and seanz says time is running out. employers signing up for insurance this month- the services won’t kick in until february. it leaves room for fines. university medical center ceo jim valenti