Republicans are warning Democrats not to tamper with minimum wage legislation passed by a 94-3 vote in the Senate, saying the bill's mix of $8.3 billion in tax breaks and a $2.10 an hour wage hike offers the right economic and political balance. However, labor leaders and many Democrats would like to strip the tax provisions from the bill and send only the minimum wage increase to President Bush for his signature. A House version, passed last month, contains no tax measures.
February 05, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Republicans are warning Democrats not to tamper with Senate-passed minimum wage legislation, saying the bill’s mix of $8.3 billion in tax breaks and a $2.10 an hour wage hike offers the right economic and political balance.
The Senate, in a 94-3 vote Thursday, passed an increase in the minimum wage from $5.15 to $7.25 an hour over two years. The bill also would extend small business tax cuts, close off some corporate tax loopholes and rein in executive compensation.
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