Tennessee Conservative
The U.S. House Will Consider A Wide-Ranging Bill Aimed At Accelerating American Technological Innovation In An Effort To Keep Pace With China, But Critics Have Raised Concerns About How To Pay For It.
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Progressive Lawmakers And Left-wing Groups That Championed An Effort To Raise The Federal Minimum Wage To $15 Through Budget Reconciliation Aren’t Accepting Defeat.
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Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic. These tax hikes will make America a more uncompetitive place to do business, send jobs overseas, trigger a return of corporate inversions, and make it easier for foreign businesses to acquire U.S. companies.
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$15 isn’t a magical pay rate that fixes poverty. Even the Congressional Budget Office’s latest report suggests a $15/hour minimum wage would lift about 900,000 Americans out of poverty. More importantly, the CBO acknowledges that such a wage mandate would be the root cause of the elimination of about 1.4 million jobs. In short, even if you’re not so hot at math, you can see that it’s not a great tradeoff against any set of circumstances.
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Biden Says Raising The Minimum Wage Will Lift Millions of Americans Out Of Poverty. While The Congressional Budget Office Confirms The Poverty-Reducing Impact, It Also Says It Will Hurt The Economy.
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The Slight Decrease In Unemployment Rate During January Was Offset By How Few New Jobs Were Created Due To The Prospect Of What An Increased Minimum Wage Would Do To The Country’s Fragile Economy.
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Congressional Budget Office States That Increasing The Minimum Wage To $15 An Hour Would Increase The Income Of 17 Million People But It Would Come At A Cost, Disproportionately Impacting Part-Time Workers And Adults Without A High School Diploma.
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States Entered 2020 With Aggregate Trust Fund Balances Of $75 Billion, Which On Net, Now Stand At $25 Billion. Now, 17 States And The Virgin Islands Are In The Red.
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