Arizona still living with yesterday’s nightmare on the issue, says NFIB
FOR IMMEDIATE RELEASE
Contact: Chad Heinrich, Arizona State Director, 602-567-0276, [email protected]
or Tony Malandra, Senior Media Manager, 415-742-5971, [email protected]
PHOENIX, July 17, 2019—The state director for Arizona’s largest small-business association today portended some dire economic consequences should Congress pass H.R. 582, the so-called Raise the Wage Act, when it comes up for its first major vote in the full U.S. House of Representatives, tomorrow.
“Arizona business owners are already bracing for the final assault from the out-of-state, big-labor-backed 2016 initiative that will mandate a $12 per hour wage in 2020,” said Chad Heinrich, Arizona state director for the National Federation of Independent Business. “H.R. 582 would more than double the federal minimum wage—exceeding levels already strongly opposed by businesses in Arizona. We can’t absorb more wrong-headed, job-killing policies from Washington while we’re still living yesterday’s nightmare.”
In a letter to U.S. House members, NFIB President and CEO Juanita Duggan wrote, “The Raise the Wage Act will eliminate hundreds of thousands of small business jobs. The non-partisan Congressional Budget Office confirms that this legislation will damage the small business economy, estimating that 1.3 million workers will become jobless and total real income will be reduced by $9 billion by 2025. NFIB’s own Research Center estimates this legislation will cost the economy 1.6 million jobs, reduce real GDP by over $980 billion, and reduce economic output by more than $2 trillion by 2029 …
“… Small businesses employ nearly half of the private-sector workforce. More than doubling the federal minimum wage over a short period will have real and significant consequences for small business owners and employees.”
Keep up with the latest on Arizona small-business at www.nfib.com/arizona or by following NFIB on Twitter @NFIB_AZ
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For more than 75 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
NFIB Arizona
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Phoenix, AZ 85013
602-263-7690
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Twitter: @NFIB_AZ
