Activists say Mininum Wage Vote now tainted by Mitch E.Perry
Just before Senators are about to leave Washington for their summer recess, a proposal to increase the minimum wage is due to be voted on tomorrow.
But the measure Ã¢â¬â already passed in the house, which would raise the minimum wage from the current $5.15 an hour to $7.25 an hour by 2009, is actually opposed by most Democrats now, even though they were the Party that brought the issue up, complaining that it has not been raised in 9 years.
But thatÃ¢â¬â¢s before House Republicans linked the wage increase to a costly cut in the Estate Tax.
Floyd Suggs is President of West Central Florida Federation of Labor (roll tape#1 o.q.donÃ¢â¬â¢t IÃ¢â¬??)
Republicans were dealt a blow today when both of Washington stateÃ¢â¬â¢s Democratic Senators, Patty Murray and Maria Cantwell, said they will vote against the measure..
Florida Democrat Bill Nelson is still undecided, which is why Suggs and Phil Compton of the Florida Consumer Action network went to the SenatorÃ¢â¬â¢s Tampa office today to lobby him to vote against the legislation.(roll tape#2 o.q.Ã¢â¬?hurt all AmericansÃ¢â¬?)
The estate tax and minimum wage bill would by 2015 increase the amount of an estate exempt from taxation to $5 million for an individual and $10 million for a couple. Estates worth up to $25 million would be taxed at capital gains rates, currently 15 percent and scheduled to increase to 20 percent. The top tax rate on larger estates would fall to 30 percent by 2015.comments powered by Disqus