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Political and Legislative

Senate Democrats Will Drop the Minimum Wage Plan in the $1.9T Stimulus Bill

Senate Democrats will abandon plans to help raise workers’ pay through tax penalties and other economic incentives that some lawmakers had considered as an alternative for hiking the federal minimum wage, according to a person familiar with the matter.

Some lawmakers last week floated a “plan B” in President Joe Biden’s $1.9 trillion Covid stimulus bill that would have punished corporations that paid workers below a certain threshold.

Senators had floated the backup plan Thursday and Friday after the Senate parliamentarian ruled that a proposed federal minimum wage increase to $15 per hour didn’t meet the requirements that Democrats must follow to pass the stimulus bill without Republican support.

Read the source article at cnbc.com

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