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Puck
The Texan
Joined: 05 Jan 2004
Posts: 5596
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 Thu Feb 01, 2007 11:18 pm Senate OKs minimum wage hike with strings attached |
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| Quote: | Senate OKs minimum wage hike with strings attached
POSTED: 6:03 p.m. EST, February 1, 2007
Story Highlights
� Minimum wage would go from $5.15 to $7.25 in two years
� Bill also includes tax cuts for small businesses, tax hikes for some executives
� Bill must now be reconciled with the version passed by the House
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WASHINGTON (AP) -- The Senate voted overwhelmingly Thursday to boost the federal minimum wage by $2.10 to $7.25 an hour over two years, but packaged the increase with controversial tax cuts for small businesses and higher taxes for many $1 million-plus executives. |
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Theresa
Lux Mihi Deus
Joined: 17 Jun 2001
Posts: 27256
Location: United States of America
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| Thu Feb 01, 2007 11:22 pm |
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Uh oh.
-------signature-------
Some of us fall by the wayside
And some of us soar to the stars
And some of us sail through our troubles
And some have to live with our scars
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WeAz
Commodore
Joined: 03 Apr 2004
Posts: 1519
Location: Where you aren't
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| Thu Feb 01, 2007 11:34 pm |
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Why? This is good.
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Republican_Man
STV's Premier Conservative
Joined: 26 Mar 2004
Posts: 14823
Location: Classified
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| Thu Feb 01, 2007 11:35 pm |
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I'm glad they included the tax breaks, a necessity for any federal wage increase, but I don't like it. The federal government minimum wage shouldn't be increased. State government wage increases, however, are okay to be increased, IMO, and it is happening. For instance, Colorado approved a (rather stupid, honestly) constitutional amendment increasing the wage consistently, showing that the states can do it themselves.
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"Rights are only as good as the willingness of some to exercise responsibility for those rights- Fmr. Colorado Senate Pres. John Andrews
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LightningBoy
Commodore
Joined: 09 Mar 2003
Posts: 1446
Location: Minnesota, U.S.A.
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| Fri Feb 02, 2007 10:48 pm |
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Minimum wage laws are silly.
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Hitchhiker
Rear Admiral
Joined: 11 Aug 2004
Posts: 3514
Location: Ontario, Canada
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| Sat Feb 03, 2007 3:14 am |
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Ontario just raised minimum wage to $8/h, and there are rumblings of trying to get it to $10/h one of these days.
Keep in mind though that with the exchange rate that's only about $6.79 USD per hour.
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Joey
Rear Admiral
Joined: 13 Jul 2001
Posts: 4708
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| Mon Feb 26, 2007 10:33 pm |
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$6.79 USD for $8, or 10?
Was anything said about minimum wage for Servers?
In SC, the minium for them is 2.13/hour ( provided tips = min wage)
And what exactly will this do for our economy?
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