Dems Ditch Minimum Wage Tax Scheme To Fast-Track $1.9 Trillion Stimulus

(From Zerohedge)

Senate Democrats are ditching a proposal to use tax code to penalize corporations which don’t raise the minimum wage for their lowest paid workers, according to Bloomberg. According to two anonymous sources, the move comes after Democrats were left seeking alternatives after the Senate parliamentarian nixed raising the federal minimum wage to $15 an hour as part of the $1.9 trillion pandemic relief package.

With the minimum wage discussion out of the way, for now, the Senate “could begin consideration of the stimulus measure as soon as Wednesday — with final votes as soon as late Thursday — pending full Democratic support and sign off from the parliamentarian,” according to the report.

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