Debate Expected To Stay In Focus As Campaign Issue
Senate Republicans on Wednesday successfully blocked a Democratic bill to raise the federal minimum wage to $10.10 an hour from $7.25 an hour as well as permanently index the wage increase. The legislation failed on a 54-42 vote – it needed 60 supporters to end debate and move to a final vote. Following the vote, President Obama lashed out at Republicans, saying, “If your member of Congress doesn’t support raising the minimum wage, you got to let them know they are out of step, and if they keep putting politics ahead of working Americans, you’ll put them out of office.”
However, much of the media saw the effort as predictable politics in an election year, as the legislation didn’t have any meaningful chance of becoming law. Not only did the legislation have insufficient support in the Senate, it was highly unlikely that the GOP-controlled House of Representatives would have taken up the issue.<
What This Means For Small Business:Reid could bring this bill up again which is why he switched his vote at the last minute and filed a motion to recommit. I would say “Although this bill failed this week, Senate Democrats could bring the bill back up for a vote later in the year before the November elections. The NFIB opposes an increase in the federal minimum wage; “Like most government mandates on business, raising the minimum wage will have a deep and disproportionate impact on the small-business sector.”
Further Reading:The vote and its aftermath drew significant media coverage, including pieces in The Washington Post, The Daily Caller, Roll Call, and Bloomberg News and other news outlets. The NFIB has a briefing on the issue on their web site.
This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.