Bernie Vindicated In Raising Minimum Wage Hike By CBO Comparison To Trump Tax Cut

  • The Congressional Budget Office said Monday that raising the federal minimum wage to $15 an hour would have a significantly broader budgetary impact than the 2017 Republican tax cut, a finding that provides another boost to Sen. Bernie Sanders’ effort to include the pay increase in the Senate coronavirus relief package.
  • The CBO analysis came as Sanders is working to make the case to the Senate parliamentarian—and to skeptical Democrats, including President Joe Biden and Sen. Kyrsten Sinema (D-Ariz.)—that the Raise the Wage Act complies with reconciliation rules and thus can and must be included in the Senate’s coronavirus relief package.
  • “When you have half of the people in this country living paycheck to paycheck, and all over this country you’re having workers trying to survive on $9 or $10 an hour or even less than that—the American people…Republicans, Democrats, Independents want to raise the minimum wage to a living wage, 15 bucks an hour,” said Sanders.

See full story here.

Categories: Business, Government, Labor

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