Yes, and all employees should be paid time-and-a-half for overtime hours regardless of their pay scale

Just because you have a higher pay scale than someone else, you shouldn't be put at a disadvantage with overtime hours. Currently, that salary must be 35k or below, which already is a very low amount. It doesn't make sense for someone who only has a salary a few thousand higher to no longer be allowed to earn the same type of pay as those low income people, but still work the same amount of hours. Doing that removes the incentive to work more than the bare minimum for the vast majority of job positions.