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Democrats Shelve Minimum Wage Tax to Speed Work on Stimulus

Senate Democrats are jettisoning a proposal to use the tax code to penalize corporations that don’t raise the minimum wage for their lowest-paid workers in an effort to keep President Joe Biden’s broader stimulus plan on track for quick passage, according to two people familiar with the matter.

Democrats shelve minimum wage tax to speed work on stimulus

Democrats shelve minimum wage tax to speed work on stimulus
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House Set to Pass Stimulus as Minimum Wage Hike Dealt Blow

The House is poised to pass President Joe Biden’s $1.9 trillion Covid-19 stimulus, but a ruling by late Thursday by a Senate official dealt a major blow to prospects that the final legislation will include a hike in the U.S. minimum wage to $15 per hour.Friday’s vote in the House will bring most Americans one step closer to receiving $1,400 relief payments and move action to the Senate, where disagreements among Democrats over the minimum wage.

Key senators float corporate tax to enable minimum-wage hike

Key senators float corporate tax to enable minimum-wage hike
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