What Big Labor wants out of this administration, Big Labor gets.
The U.S. Labor Department will issue a final rule tomorrow simplifying financial disclosures for unions, reversing standards adopted in the Bush administration that labor leaders said are too cumbersome.
The form for reporting a union’s finances will be two pages, down from nine in effect since 2007 under President George W. Bush, the Labor Department said today in a statement. The Obama administration proposed a shorter form in 2009 after unions said the reporting process was too intrusive, time consuming and burdensome.
Under the rule, union shop stewards aren’t required to file a form, and loans with credit institutions will be exempt from disclosure.
Basically, Big Labor is now allowed to hide more of its financial sources.