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.