19 February, 2014

Minimum Wage Report Puts Obama, Democrats on Defensive

This story appears at Newsmax -
"A report by Congress' nonpartisan budget analysts seems to have thrown Democrats on the defensive after it concluded that the party's drive to boost the federal minimum wage could cost a half-million jobs by 2016. A Congressional Budget Office report released Tuesday concluded that a gradual increase to $10.10 hourly by that year — which is what President Barack Obama and congressional Democrats are seeking — would increase pay for more than 16½ million people, mostly those earning low wages. It also would lift 900,000 people over the federal poverty threshold, the study said."
Read this report HERE.


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