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'Plan B' for $15 minimum wage
Posted on 2/26/21 at 9:25 am
Posted on 2/26/21 at 9:25 am
Senate Finance Committee Chairman Ron Wyden (D-Ore.) on Friday announced Democrats’ “Plan B” to raise the minimum wage after the Senate parliamentarian ruled that an earlier proposal from House Democrats to raise the federal minimum wage $15 an hour did not meet special budgetary rules.
Wyden is proposing a work-around solution that would impose a five-percent tax penalty on large corporations if any of their workers earn less than a certain amount, with the penalty increasing over time.
I’ve been working on a ‘plan B’ that would make big companies pay for mistreating their workers. My plan would impose a 5 percent penalty on a big corporations’ total payroll if any workers earn less than a certain amount. That penalty would increase over time,” Wyden said in a statement.
Wyden said his plan would include safeguards to prevent companies from evading the penalty by outsourcing jobs.
“For example, if a profitable mega corporation like Walmart fires a store’s security guard and replaces him with a contractor who makes far less, my proposal would still require that Walmart pays a penalty,” Wyden said.
Wyden wants to incentivize what he calls “the smallest of small businesses” to raise workers’ wages by providing an income tax credit equal to 25 percent of wages — up to $10,000 per year per employer — to businesses that boost wages.
LINK
Wyden is proposing a work-around solution that would impose a five-percent tax penalty on large corporations if any of their workers earn less than a certain amount, with the penalty increasing over time.
I’ve been working on a ‘plan B’ that would make big companies pay for mistreating their workers. My plan would impose a 5 percent penalty on a big corporations’ total payroll if any workers earn less than a certain amount. That penalty would increase over time,” Wyden said in a statement.
Wyden said his plan would include safeguards to prevent companies from evading the penalty by outsourcing jobs.
“For example, if a profitable mega corporation like Walmart fires a store’s security guard and replaces him with a contractor who makes far less, my proposal would still require that Walmart pays a penalty,” Wyden said.
Wyden wants to incentivize what he calls “the smallest of small businesses” to raise workers’ wages by providing an income tax credit equal to 25 percent of wages — up to $10,000 per year per employer — to businesses that boost wages.
LINK
13
Posted on 2/26/21 at 9:28 am to Jbird
Well that slippery slope is awfully steep, especially slippery and missing handrails.
Posted on 2/26/21 at 9:28 am to Jbird
Minimum wages need to be a state issue. I have no doubt that $15/hour isn't anywhere near enough living in NY or CA.
That dollar doesn't hold the same value in other states.
That dollar doesn't hold the same value in other states.
Posted on 2/26/21 at 9:29 am to Jbird
OOOORRR hear me out here. Lower taxes for companies paying 15 or over. Why do they always want to punish people?
Posted on 2/26/21 at 9:29 am to Jbird
It’s amazing people leave blue states for red states and democrats voters still think their ideas are better.
Posted on 2/26/21 at 9:30 am to Jbird
how do these dumdums not know raising the bottom doesn't raise them up, it only lowers everyone else
Posted on 2/26/21 at 9:31 am to Jbird
Am I reading it wrong? The $15 minimum wage is just for federal workers right? There are very few jobs in the federal government where they are making less than $15 an hour. I don't think this is as big of a deal as everyone is making it out to be.
Posted on 2/26/21 at 9:32 am to Jbird
I propose that our government just take over private businesses.
That way, the government does nothing but cut checks to people. It makes it so much easier that way.
That way, the government does nothing but cut checks to people. It makes it so much easier that way.
Posted on 2/26/21 at 9:34 am to cdur86
quote:Yes.
Am I reading it wrong?
Posted on 2/26/21 at 9:34 am to Jbird
Jesus Christ they have to meddle in everything.
Posted on 2/26/21 at 9:38 am to Jbird
quote:Mistreating their workers by providing them a job?
I’ve been working on a ‘plan B’ that would make big companies pay for mistreating their workers.
fricking clown world.
Posted on 2/26/21 at 9:41 am to Jbird
Geeee I wonder who will work at local mom and pops when they can simply work the same job at a “mega corporation” and get paid several dollars more for the same job.
Posted on 2/26/21 at 9:42 am to Jbird
His mom should’ve taken
quote:
Plan B
Posted on 2/26/21 at 9:44 am to Jbird
quote:
Wyden said his plan would include safeguards to prevent companies from evading the penalty by outsourcing jobs.
Leaving options like:
1. Move operations overseas or south out of country if possible and completely eliminate U.S. jobs
2. Force reduction (layoffs) with no backfill, eliminating U.S. jobs
3. Jack up prices on consumers, including the $15 earners, to make up the difference, rendering the raise pointless
This post was edited on 2/26/21 at 9:52 am
Posted on 2/26/21 at 9:52 am to TheHarahanian
Sen. Josh Hawley (R-Mo.) on Friday announced a plan to tax big companies that don't pay their workers at least $15 per hour, an alternative minimum wage approach also put forth by by Senate Budget Committee Chairman Bernie Sanders (I-Vt.) and Senate Finance Committee Chairman Ron Wyden (D-Ore.).
"For decades, the wages of everyday, working Americans have remained stagnate [sic] while monopoly corporations have consolidated industry after industry, securing record profits for CEOs and investment bankers," Hawley said in a statement.
"Mega-corporations can afford to pay their workers $15 an hour, and it’s long past time they do so, but this should not come at the expense of small businesses already struggling to make it."
LINK
"For decades, the wages of everyday, working Americans have remained stagnate [sic] while monopoly corporations have consolidated industry after industry, securing record profits for CEOs and investment bankers," Hawley said in a statement.
"Mega-corporations can afford to pay their workers $15 an hour, and it’s long past time they do so, but this should not come at the expense of small businesses already struggling to make it."
LINK
Posted on 2/26/21 at 9:54 am to Jbird
Plan C - Fine large corporations for being too white.
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