Author Topic: President eyes push for $9 minimum wage  (Read 552 times)

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Online mystery-ak

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President eyes push for $9 minimum wage
« on: November 04, 2013, 01:01:26 PM »
http://thehill.com/blogs/on-the-money/budget/189114-white-house-hands-off-on-budget-conference-wants-minimum-wage-focus

November 04, 2013, 10:13 am
President eyes push for $9 minimum wage

By Erik Wasson

“You’ll certainly be hearing more about it,” Jason Furman, the chairman of the Council of Economic Advisers, told reporters Monday at a Wall Street Journal event.

Liberals in Congress have been stepping up their pressure on the White House to seek a hike in the minimum wage, which they argue would provide immediate economic stimulus while combatting income inequality.

Obama urged lawmakers during January’s State of the Union address to boost the wage from $7.25 to $9 per hour and index it so that it rises with inflation.


But there is strong resistance in Congress to raising the wage. Furman said the White House is realistic about the chances of passing it soon.
 
“This has always been a little bit of a marathon, every time you’ve proposed it,” he said.

Senate Democrats last week announced plans to take up a minimum wage bill this month

S. 460, sponsored by Sen. Tom Harkin (D-Iowa), would increase the federal minimum wage to $10.10 per hour over two years.

Furman also said Obama will be taking a hands-off approach to the new congressional budget negotiations, which are seeking a deal by Dec. 15 to avoid another government shutdown in January.

“People know where we are coming from and it is now over there in the conference committee. People know what we would like them to do,” Furman said.

The first formal House-Senate budget conference committee since 2009 began on Wednesday, and is aiming at a minimum to resolve the $91 billion difference in the House and Senate budgets for the fiscal year that began Oct. 1. Signs emerged immediately of trouble over the issue of whether tax revenue increases are needed for a deal.
 
Furman noted that Obama has proposed a plan to replace nine years of sequester cuts and to reduce the deficit in the medium term using a mixture tax increases and entitlement cuts.
 
“Revenue and spending together are really important to the president and they have been consistently important to the president,” he said.
 
Last week, Treasury Secretary Jack Lew emphasized replacing sequester cuts with targeted savings while scarcely mentioning the tax code.
 
Furman repeatedly declined to take a hard line on what Congress should do now, but said the president wants to see upfront stimulus, and will not support a deal that replaces the current automatic sequester cuts with something “just as bad or worse.”
 
“There is a political and economic no-brainer to be had here,” he said. “Whether people have enough brains to snap that up is more of an open question.”
 
Furman made the case that “ideally” the individual and corporate tax codes could be overhauled, but said the White House sees far more growth benefits from simplifying the corporate code and lowering rates.
 
He urged members of Congress to take the politically treacherous step of outlining the “math” of how they would eliminate tax breaks to lower rates, saying it would be “better for the world” if the plans were scored by the Joint Committee on Taxation.

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Offline MBB1984

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Re: President eyes push for $9 minimum wage
« Reply #1 on: November 04, 2013, 03:30:37 PM »
Now that's a solution to create more jobs.  But why stop at $9.  Make it $29!

Online jmyrlefuller

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Re: President eyes push for $9 minimum wage
« Reply #2 on: November 04, 2013, 03:55:22 PM »
Now that's a solution to create more jobs.  But why stop at $9.  Make it $29!
After all, it worked so well the last time.
"Just because people in positions of authority are stupid, it doesn’t mean you have to go along with it." —Arlo Guthrie

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Offline Atomic Cow

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Re: President eyes push for $9 minimum wage
« Reply #3 on: November 04, 2013, 07:11:06 PM »
Creating yet another issue for the 2014 campaign.
"...And these atomic bombs which science burst upon the world that night were strange, even to the men who used them."  H. G. Wells, The World Set Free, 1914

"The one pervading evil of democracy is the tyranny of the majority, or rather of that party, not always the majority, that succeeds, by force or fraud, in carrying elections." -Lord Acton

Offline Chieftain

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Re: President eyes push for $9 minimum wage
« Reply #4 on: November 04, 2013, 07:16:26 PM »
Seattle is already at $9.19 an hour as Washington has the highest minimum wage in the Nation.  But there is an active push on right now, backed by Big labor, to raise it to $15 for grocery clerks, baristas, and other unskilled minor laborers. 

How much do you think a cup of Joe will run you if the pierced and tattooed wonder brewing it makes $15 an hour?? 

Madness....

« Last Edit: November 04, 2013, 07:16:43 PM by Chieftain »

Offline Right_in_Virginia

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Re: President eyes push for $9 minimum wage
« Reply #5 on: November 04, 2013, 07:41:06 PM »
Sparky just can't destroy this economy fast enough, can he.   :peeonobama:
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Online Fishrrman

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Re: President eyes push for $9 minimum wage
« Reply #6 on: November 04, 2013, 09:40:20 PM »
[[ How much do you think a cup of Joe will run you if the pierced and tattooed wonder brewing it makes $15 an hour?? ]]

They're going to find out in Sea-Tac in Washington state, where there's a ballot proposition to raise the minimum wage to exactly that amount.

It likely will pass...


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