Senate Democrats Look For Back-Up Plan To Raise Minimum Wage Through Taxes

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Senate Democrats are crafting a plan to use corporate tax penalties and incentives to prompt pay increases through the coronavirus relief package

the coronavirus relief packageThe tax plan is being developed by Senate Budget Committee Chairman Bernie Sanders and Senate Finance Committee Chairman Ron Wyden , and they haven’t finalized the details.

Mr. Wyden said Friday the proposal would impose a 5% penalty on the total payroll of a large corporation if it pays any workers below a certain amount, which he didn’t specify, with the penalty increasing over time. The plan would also provide small businesses that pay their employees higher wages with an income tax credit equal to 25% of wages, capped at $10,000 per employer a year.

 

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For God’s sake give these folks a chance to actually make a living wage you selfish jerks.

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