7 Regulations Donald Trump Killed That Would Have Helped the Average American Worker
Donald Trump promised to be the president who changes how things get done. We’d say he’s living up to his word. He’s changed the national tax plan, and in turn, people are changing their long-term money strategies. Trump and Jeff Sessions are threatening to make big changes to the legal marijuana industry, and the president wants to change how you pay for school. In addition to all that, there are several regulations Donald Trump killed, such as net neutrality and clean power.
The Economic Policy Institute uncovered seven regulations Donald Trump killed that affect everyday workers, including a change that could make it harder for you to get unemployment if you’re laid off (page 3). Stick around and we’ll also discuss the campaign promises Trump is keeping so far (page 8).
1. Workers’ health and safety
- Limiting OSHA’s reach and incentivizing fake injury reports
In April of 2018, Congress approved and Trump signed a resolution eliminating the requirement that employers keep accurate records of workplace illnesses and injuries. So if a steelworker falls and breaks a hip, the employer doesn’t have to report it to the Occupational Safety and Health Administration. Not only that but if OSHA finds out about the unreported injury it’s powerless to issue a citation thanks to this resolution.
Next: A terrible double whammy impacting your retirement.
2. Saving for retirement
- Employers aren’t forced to offer retirement savings plans.
Just a few months into his presidency, two regulations Donald Trump killed impacted retirement savings for millions of people.
One blocked a rule allowing local governments to set up retirement account programs for private workers if their employers don’t offer one. The EPI estimates killing this regulation impacts 55 million American workers who don’t have access to retirement savings plans.
The other retirement savings regulation Trump killed is one that would have forced financial advisors to act in the best interests of their clients. The new rule would have required a financial planner moving you from a low-cost 401(k) to an expensive IRA had to tell you why it was a good idea and worth your money. It’s not required now.
Next: A controversial unemployment issue is one of the regulations Donald Trump killed.
3. Unemployment and drug testing
- Getting rid of this regulation makes it legal to drug test unemployment applicants.
Drug testing unemployment applicants only happened for people fired because of drug use or who worked a job where drug testing is standard. That all changed thanks to Congress passing a joint resolution and Donald Trump signing it. Anyone trying to get unemployment benefits can be drug tested now.
Next: A sign the Trump administration loves protecting big companies.
4. Pay equity is out the window
- Large companies don’t have to share payroll data or CEO salaries.
Large companies have to love two regulations Donald Trump killed.
The first is a rule requiring companies with 100 or more employees to confidentially share how much workers make based on job title, sex, and race. This regulation isn’t dead yet, but it is on life support.
The second regulation under attack is the CEO-to-employee pay ratio. A 2015 Securities and Exchange Commission rule requires companies to share how much CEOs make compared to the average worker. CEOs made 271 times more than the average worker in 2016, but the Trump administration doesn’t want the public to know it.
Next: A shocking attack on the average American worker.
5. Taking a shot at unions
- Transparency and elections are being attacked.
Two union rules are among the regulations Donald Trump killed with help from the Department of Labor and the National Labor Relations Board.
One lets employers keep it a secret if they have anti-union consultants engaging with workers. Basically, this lets employers sway and try to discourage employees from starting unions. The DOL is killing this one. Trump’s appointees on the NLRB are trying to get rid of the rules that streamline union elections, which is the second of the labor regulations being attacked. We’d say both actions are a shocking attack on the average American worker.
Next: Your servers and bartenders don’t want to jump in this pool
6. Tip pooling is back in play
- The Department of Labor has changed the rules on tip pooling.
A 2011 law restricted tip pooling, which is just what it sounds like: Tipped employees pool all their tip money together, tally it up later, and split it evenly. Servers and bartenders hate it because workers who don’t deserve tips get to share in the pool. The DOL is also working to rewrite the rules about overtime pay that took effect during the Obama administration.
Next: An alarming move
7. Fair pay and workplace safety
- Federal contractors have free rein to trample workers’ rights.
Once you get past the legalese of this resolution, it boils down to this: Federal contractors working for the Department of Defense and NASA (among others) don’t have to disclose if they comply with federal labor laws. In other words, a defense contractor that ignores health and safety regulations doesn’t have to share that info when it bids on government contracts. It’s an alarming move, and it means your tax dollars might be going to an unscrupulous contractor.
Next: Now for the good
8. Donald Trump is keeping a lot of his campaign promises
- Tax reform, travel bans, and a Supreme Court nomination are wins for Trump
We’ve just covered the regulations Donald Trump killed (or allowed to be killed) so far. It’s enough to make workers across the country turn on him. You might not know it, but he’s actually doing a good job keeping his campaign promises. He promised energy independence, a new Supreme Court justice, and sweeping tax changes, among other things, and Trump has delivered. So it seems like we have to take the bad with the good when it comes to Trump’s presidency.
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