Results 1 to 5 of 5

Thread: US Republicans clear way for minimum-wage rise

  1. #1

    US Republicans clear way for minimum-wage rise

    [QUOTE]WASHINGTON, Jan 30 (Reuters) - A Democratic campaign promise to boost the federal minimum wage for the first time in a decade moved closer to completion on Tuesday when U.S. Senate Republicans lifted a roadblock against it.

    Full Senate approval is now possible because Democrats agreed to Republican demands to include tax cuts for small businesses to help cover the cost of raising the minimum wage over two years to $7.25 per hour from $5.15 per hour.

    On an 87-10 vote, the Democratic-led Senate agreed to end more than a week of debate and hold a vote in coming days on the bill to increase the minimum wage and provide about $8.3 billion in tax breaks.

    The House of Representatives passed a bill that only raised the minimum wage and the two houses would have to resolve differences before a final bill can be sent to U.S. President George W. Bush to sign into law.

    With the gap between rich and poor growing, Democrats promised a minimum-wage hike as part of their campaign that helped them win control of Congress from Bush's Republicans in November elections.[/QUOTE]

    [url]http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2007-01-30T173948Z_01_N30323481_RTRIDST_0_USA-CONGRESS-WAGES.XML[/url]

  2. #2
    Veteran
    Join Date
    Dec 2003
    Location
    Somerset, NJ
    Posts
    1,573
    [QUOTE=Jetdawgg][url]http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2007-01-30T173948Z_01_N30323481_RTRIDST_0_USA-CONGRESS-WAGES.XML[/url][/QUOTE]

    WINNERS
    Min. Wage workers who remain at their jobs.
    Teens hired for summer jobs
    Dems for coming to the "rescue" of the poor

    LOSERS
    Min Wage workers laid off as their employers equalize the bottom line
    Teens who couldnt get summer jobs due to less summer jobs available
    Dems for rescuing the poor at the expense of the poor

  3. #3
    All Pro
    Join Date
    Apr 2003
    Location
    NJ
    Posts
    2,393
    Congratulations, jetdawwg. It's about time you got a raise.

    Just curious: are you one of those smart, clean and respectable African-Americans that are in such short supply in America according to joe biden?

  4. #4
    This has been expected for some time now.

    Market analysts have been more or less deeming stock in companies like Wal-Mart and Target oversaturated for the past several months, and that's mainly due to the expected minimum wage increase. Where I work, I've overheard financial advisors by the boatload on the phone with their clients advising everyone and anyone to either dump or not invest with companies that rely heavily on minimum wage, all due to the expected increase.

  5. #5
    [QUOTE=Spirit of Weeb]Congratulations, jetdawwg. It's about time you got a raise.

    Just curious: are you one of those smart, clean and respectable African-Americans that are in such short supply in America according to joe biden?[/QUOTE]

    I run my own business idiot. I have pid as much as $150.00 per hour depending upon the job.

    I'm a tough m@therf#cker with a lot of intelligence. Come find out...

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Follow Us