2007-01-13 15:36:42 · 6 answers · asked by jakebasketball88 1 in Politics & Government ➔ Other - Politics & Government
It is on the Senate floor waiting for a reading. Some in the Senate are getting to gether to try and attach a tax break deal on it for businesses. They think that the hit that businesses are going to take from the wage hike will make some of the businesses fold.
The President has said that he will not sign the bill in its current form. The current form is to raise the minimum wage to $7.25/hr over the next 26 months. The first raise will be to $5.85 after the first 60 days after the bill is signed. The next will be 1 year later to $6.80/hr. and the final will be 1 year after that.
2007-01-13 15:50:31 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Currently on the Senate floor. Passed the House earlier this week.
2007-01-13 23:40:03 · answer #2 · answered by SatanicYoda 3 · 1⤊ 0⤋
I know the house passed it. Don't remember hearing that the senate had passed it or the president for that matter. After the president signs it, I think it goes into effect in 60 days. The first step will be from 5.15 to 5.85.
Let's just hope small business don't have to lay off employee's now. Unemployment may go sky high.
2007-01-13 23:48:42 · answer #3 · answered by time_wounds_all_heelz 5 · 0⤊ 2⤋
I think that they are going to raise it to $7.39 over the next two yrs. It should have already been raised to this a long time ago.
2007-01-13 23:40:57 · answer #4 · answered by karen v 6 · 0⤊ 2⤋
Since I am not a minimum wage making LOSER,I don't know or care.
2007-01-13 23:41:25 · answer #5 · answered by Michael 6 · 0⤊ 4⤋
It pass both houses and the president signed it. I don't know how long it will be until it is in effect though.
2007-01-13 23:40:24 · answer #6 · answered by chole_24 5 · 0⤊ 3⤋