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

Source: EPI analysis of proposed Trump administration rule on independent contractor status under the Fair Labor Standards Act, October 26, 2020. 85 FR 60600.

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