Posted on 01/10/2007 7:37:19 AM PST by Lucky9teen
(2007-01-10) Republicans in Congress, in a last ditch effort to provide economic justice to Americas working poor, today introduced a bill that would raise the national minimum hourly wage from $5.15 to $84.25.
The bill, offered just hours before the Democrat-led House attempted to raise the rate to $7.25, is roughly based on the what Congressmen earn for working 40 hours per week for 50 weeks per year, although the actual working part is optional in Congress.
Under the terms of the GOP-sponsored measure, the minimum wage would also track Congressional pay, which typically includes an annual cost-of-living-it-up increase.
Hiking it to $7.25 wont make a dent, said one unnamed Republican House member, But at $84.25, well eliminate poverty.
Lawmakers believe the bill is a win-win, since every other working person in the country will now expect a pay raise to keep his wages an appropriate distance above minimum.
Republicans said the new minimum wage would also produce a windfall of tax revenue as millions of Americans move from paying no federal income tax, straight to the highest tax bracket.
The additional tax money would be earmarked for education, according to the text of the bill, to teach Americas children the fundamentals of economics in a capitalist system.
Touché!
Love that Scrappleface.
They should do it.
I'm willing to destroy the economy to make a point.
Wow! Applying the principle of robbing Peter to pay Paul used in Congress to the rest of the country. What a great idea!
Ya know, this might work if a 95% tax was implemented along with the raise.
I'm watching the debate on C-Span..one dem got up there and said a raise will provide an additional $4,400 a year to families for groceries and health care..ROFL..
how about an additional $4,400 a year for new "grills", "tennis shoes", "iPods", "lottery tickets", all the extra beer they can handle and that ever beneficial street gun..
Is that 4400 a year before or after taxes?
$4,368 GROSS..they may have to forget the lottery tickets after tax..
meanwhile, at the DU
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x3082484
Well they do have somewhat of a point...I mean, saying that most current full-time minimum wage earners make just below $40,000 is a bunch of bologne.
Seems most of the DUers are stuck on their conspiracy theories...again...
that's NOT what was said..he said that minimum wage workers come from FAMILIES that have an average income of $40,000 a year..meaning teenagers in their first job..
Well, there are your minimum wage earners. Their understanding of economics explains that. Only in DU land would people without money try to teach those with it how to handle it. NEVER take financial advice from a broke person.
See...leave it to DUers to misconstrue what was actually said, to what they believe...to fit into their messed up agenda/mind.
Amazing how ignorant the DUmmies are.
$175k a year?
Nice!
Too bad a pack of gum would cost $543.00.
Gotta love that Scrappleface!
ROFL!!!
It's because they're too stupid to understand it.
The point is most minimum wage earners live in families with TOTAL income over 40k. As in teens whose parents work...
Sounds like that poster needs to learn to do something besides scrub toilets and flip burgers.
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