Friday, July 28, 2006

Re: Minimum Wage

Here's some more info on the minimum wage debate:
A package GOP leaders planned to bring to a vote Friday or Saturday in the House also would renew several popular tax breaks, including a research and development credit for businesses, and deductions for college tuition and state sales taxes, said a spokesman for House Majority Leader John Boehner.
The wage would increase from $5.15 to $7.25 per hour, phased in over the next three years, said Kevin Madden, the aide to Boehner, an Ohio Republican.
The maneuver is aimed at defusing the wage hike as a campaign issue for Democrats while using its popularity to spur enactment of the Republican Party’s long-sought goal of permanently cutting taxes on millionaires’ estates.
The Senate could take it up next week before leaving on a monthlong recess.

1 comment:

Rick Reynolds said...

Well it would also eliminate the estate tax, which none of us who die should have to pay on our money a second time! Crazy!