Largest Middle-Class Paycut in History

House Democratic Leader Nancy Pelosi on the new overtime rules that are in effect in the United States:

These new regulations represent the largest middle-class pay cut in history – starting Monday, more than 6 million workers will lose their right to overtime pay. President Bush and the Republicans simply do not understand that middle-class families need their overtime pay more than ever in this sluggish economy. Millions of workers who are directly affected by the new rule will have to work longer hours for less money. And the impact will be felt by millions more who will no longer have the opportunity to work overtime because their overtime hours will now go to those who are newly exempt from overtime protection.