Josh Hawkeley Supports Democratic ‘Plan B’ to Increase Minimum Wage

Republican Sen. Josh Hawley of Missouri on Friday endorsed working under a Democratic plan to raise the minimum wage after being shot down by a Senate lawmaker by $ 15 per hour.

The idea, introduced by Sen. Ron Whedon (D-Ore), would allow large companies to use tax penalties to increase their salaries for workers.

Hawley said they support penalties for corporations with more than $ 1 billion in revenue if they do not pay the $ 15 minimum wage.

“For decades, the status of daily-wage, working Americans has remained stable, while monopoly corporations have consolidated industry after industry, achieving record profits for CEOs and investment bankers,” Hawley said in a statement.

“Mega-corporations can afford to pay their employees $ 15 an hour, and it takes a lot of time to do this, but it shouldn’t come at the expense of small businesses already struggling to make it.”

Sen.  Kirsten Sinima, D-Eries.
Sen. Kirsten Sinima, D-Eries.
AP

The Senate lawmaker ruled Thursday that raising the minimum wage from $ 7.25 to $ 15 is not allowed as part of a $ 1.9 trillion COVID-19 bill that ran through Congress without Republican support as part of the budget reconciliation process Going which requires a majority in the Senate. By a general 60-vote supremacy.

The straightforward hike would have been in trouble to somehow split the Senate, as two Democrats – Arizona’s Kirsten Sinima and West Virginia’s Joe Manchin – opposed it.

Activists appeal for a $ 15 minimum wage near the Capitol in Washington on February 25, 2021.
Activists appeal for a $ 15 minimum wage near the Capitol in Washington on February 25, 2021.
AP

The new tax penalty could be more effective as part of the stimulus bill and would allow Democrats to avoid a long-shot future effort to win 60 votes in the Senate.

However, the exact details are not clear.

Widen, chairman of the Senate Finance Committee Tweeted On Friday morning, “I’m figuring out a tax penalty for mega-corporations that refuse to pay living wages. It’s not over.”

The Congressional Budget Office estimated that the now-dead minimum wage proposal would cost 1.4 million jobs, putting financial pressure on companies. Conservative opponents emphasized the potential effects on small businesses.

The House hopes to pass a possible $ 1.9 trillion package late Friday evening.

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