U S House s Hoyer: House in near future to take up bill to raise minimum wage to $15 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
According to the Congressional Budget Office, setting a new minimum wage would give a raise to 17 million U.S. residents and lift 900,000 people out of poverty.
Romney, Cotton Acknowledge $10 Minimum Wage Only Close to What Workers Earned in 1968
On 3/1/21 at 10:21 AM EST
Republican Senators Mitt Romney and Tom Cotton acknowledge in a new opinion article that their proposal to raise the federal minimum wage to $10 per hour by 2025 would still fall short of the peak purchasing power minimum wage workers enjoyed back in 1968.
President Joe Biden and progressive Democrats have pushed for raising the federal minimum wage to $15 per hour by 2025 in a phased approach. They had hoped to pass the wage hike in the $1.9 trillion American Rescue Plan through the budget reconciliation process. The Senate parliamentarian, however, ruled the wage increase could not go through the complicated process. Meanwhile, Republicans and some moderate Democrats have objected to raising the federal minimum wage to $15 per hour.
61 Places Where the Minimum Wage Is Rising in 2021
On 3/1/21 at 7:00 AM EST
A plan by Democrats to raise the federal minimum wage above $7.25 an hour, the rate it s been stuck at since 2009, hit a major snag last week. Depending on where they live, though, minimum wage workers in 61 places across the U.S. will still get a raise this year, courtesy of state and local laws that establish a higher hourly rate than the national benchmark set by Congress.
The fate of the Raise the Wage Act is unclear after the Senate parliamentarian, its chief rule-enforcer, ruled on February 25 that the provision to increase the minimum wage included in President Joe Biden s $1.9 trillion economic relief plan does not meet the guidelines required to move forward in the fast-track process known as budget reconciliation. The House elected to leave the proposed increase in the legislation it passed over the weekend but the parliamentarian s ruling makes it highly unlikely that the minimum-wage hike will