Potential minimum wage increase ‘catastrophe waiting to happen’: Economist Kevin Hassett
Economist Kevin Hassett argues increasing the minimum wage to $15 would be a ‘devastating blow’ to small businesses that have had an incredibly challenging year.
Senator Bernie Sanders made an unsuccessful last-ditch effort Friday to get a $15 federal minimum wage hike passed as part of the COVID-19 relief package but denied claims his efforts were a backdoor to get other initiatives passed.
SENATE DEMS STRIKE DEAL TO LOWER UNEMPLOYMENT BENEFITS IN COVID-19 RELIEF BILL
The amendment pushed by the Independent Senator from Vermont asked his senate colleagues to waive the budget act – effectively overriding the Senate Parliamentarian’s ruling that decided a wage hike was not compliant with the budget reconciliation process.
DEMS COVID-19 BILL MAY HURT LABOR PARTICIPATION
After the amendment failed to get 60 votes in support – including seven “NO” votes from senate democrats – Sanders responded to criticism that he was exploiting urgent COVID relief as a way to get progressive policy priorities through – telling FOX Business of the accusation: “Well I think that's inaccurate. This country faces some of the worst crises we have experienced in modern history in this country…I don't think we are exploiting anything. I think this is what the American people want.”
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During the push, Sanders appealed to his colleagues to strip the senate parliamentarian of this authority saying on the Senate floor, “I think the parliamentarian was dead wrong.
But more importantly, it is an absurd process that we allow an unelected staffer, somebody who works for the senate, not elected by anybody, to make a decision as to whether 30 million Americans get a pay raise or not. I don't care how the parliamentarian rules, no parliamentarian should have that power.”
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