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Corporate-tax proposal in Senate stokes economists concern

A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama.

Democrats Move to Salvage Minimum Wage Hike - The New York Times

Even as the House passed President Biden’s pandemic aid plan with a minimum wage increase included, Democrats were searching for a Plan B for the wage hike, which was ruled out in the Senate.

Rushed Senate Corporate-Tax Proposal Stokes Economists Concern

(Bloomberg) A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama. “This is a really big, complicated, brand new proposal.

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