![]() ![]() He told CNN’s Jake Tapper on Sunday that a “room full of lawyers” is working to make the case that a minimum wage increase conforms to those rules. The senator doubled down on his intention to include the provision in the relief package, saying the CBO report backs his contention that increasing the minimum wage would have an impact on the budget and could be included in a reconciliation bill. He also referenced other studies that found that raising the wage would significantly reduce the deficit. ![]() However, Sanders, chair of the Senate Budget Committee and a fierce advocate of the increase, took issue Monday with the CBO report, pointing to the agency’s analysis two years ago that concluded a wage hike would increase the deficit by less than $1 million over a decade. “I put it in, but I don’t think it’s going to survive,” Biden said in excerpts of an interview that aired Friday. However, the party could not afford to lose the support of any member, assuming no Republican senators vote for it.īiden conceded in an interview with “CBS Evening News with Norah O’Donnell” that he does not believe he will be able to raise the minimum wage due to the Senate’s rules. Joe Manchin, who favors a smaller hike.ĭemocratic leaders are fast-tracking the passage of Biden’s pandemic relief package through a legislative process known as reconciliation, which only requires a majority of votes. However, the measure has already run into resistance on Capitol Hill, including from some Democrats, such as West Virginia Sen. The minimum wage has been $7.25 since 2009. The battle over raising the minimum wage, a longtime Democratic goal, was reignited last month when President Joe Biden included it in his $1.9 trillion coronavirus relief package. ![]() They argue that the agency’s methodology was flawed. Bernie Sanders, quickly jumped on the CBO’s findings that it would reduce employment. Supporters of the minimum wage boost, including Vermont Sen. However, spending on Medicaid and unemployment benefits would increase because of higher enrollment by those who lose their jobs, the CBO said of the Raise the Wage Act, introduced last month by a group of Democratic lawmakers.Īlso, spending on Medicaid and Medicare would increase because of higher labor costs, since many home health and nursing care workers make less than $15 an hour. The move would also reduce the number of people in poverty by 900,000 and result in lower spending on food stamps and child nutrition programs. The proposed hike, which would take full effect by 2025, would increase worker pay by $333 billion, giving a boost to some 17 million workers whose wages would otherwise be below $15, as well as many of the 10 million workers whose wages would otherwise be slightly above that level. ![]() Biden administration works to clean house of Trump appointees.Yellen: US could reach full employment next year if Congress passes Biden’s stimulus plan.Analysis: Biden turns to skills that powered his 2020 victory to sell Covid-19 relief. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |