Annual impact of proposed Trump administration rule making it easier for employers to classify workers as independent contractors
|Total annual cost to workers||At least $3.7 billion|
|Cost to workers of new ongoing paperwork||At least $400 million|
|Tax obligations on workers||At least $3.3 billion|
|Lost revenue for unemployment insurance and workers’ compensation funds||At least $750 million|
View the underlying data on epi.org.
Source: EPI analysis of proposed Trump administration rule on independent contractor status under the Fair Labor Standards Act, October 26, 2020. 85 FR 60600.