Money Matters
Bush Supports Democrats' Minimum Wage Hike Plan
President Bush for the first time endorsed a specific plan for raising the federal minimum wage yesterday, as he embraced Democratic calls to boost it by $2.10, to $7.25 an hour, over two years.
The president's backing greatly enhances the prospects for congressional approval next year of the first hike in the federal minimum wage since 1997. He stressed, however, that it should be accompanied by tax breaks and regulatory relief that would cushion the blow for small businesses.
- source Washington Post
*double take*
President Bush for the first time endorsed a specific plan for raising the federal minimum wage yesterday, as he embraced Democratic calls to boost it by $2.10, to $7.25 an hour, over two years.
The president's backing greatly enhances the prospects for congressional approval next year of the first hike in the federal minimum wage since 1997. He stressed, however, that it should be accompanied by tax breaks and regulatory relief that would cushion the blow for small businesses.
- source Washington Post
*double take*