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Sat Feb 27, 2021, 09:39 AM

Senate Democrats move immediately to "Plan B" on minimum wage

Source: CBS News



BY NANCY CORDES, GRACE SEGERS AND JACK TURMAN

FEBRUARY 27, 2021 / 7:13 AM / CBS NEWS

Senate Democrats are racing to finalize a new tax provision that would penalize large companies that pay low wages. The move comes after Senate Parliamentarian Elizabeth MacDonough ruled Thursday night that a $15 minimum wage hike cannot be included in the Senate COVID relief package, which is currently being pushed through the chamber through a process known as budget reconciliation.


The plan being drafted by aides to Senate Finance Committee chair Ron Wyden of Oregon — in close consultation with Senate Budget Chair Bernie Sanders of Vermont — would impose a 5% payroll tax penalty on "very large" companies that do not pay workers a certain amount. That amount is still unclear: Wyden favors $15 an hour, but is currently seeking feedback from fellow Democrats on that figure and on exactly which companies would face the penalties.

"Everyone in the caucus is envisioning 'very large' companies – think Walmart, Amazon," a Senate Democratic aide told CBS News.

Under the proposal, which Senate Democrats hope to finish crafting by early next week, smaller businesses that raise their workers' wages would be eligible for income tax credits equal to 25% of wages — up to $10,00 per employer to year — tax incentives to increase wages.

Read more: https://www.cbsnews.com/news/minimum-wage-senate-democrats-plan-b/

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Arrow 19 replies Author Time Post
Reply Senate Democrats move immediately to "Plan B" on minimum wage (Original post)
DonViejo Feb 27 OP
Loki Liesmith Feb 27 #1
jaxexpat Feb 27 #2
DeminPennswoods Feb 27 #3
Bengus81 Feb 27 #9
DeminPennswoods Feb 27 #10
intrepidity Feb 27 #18
Loki Liesmith Feb 27 #4
jaxexpat Feb 28 #19
UGADawg Feb 27 #5
aeromanKC Feb 27 #13
speak easy Feb 27 #6
yaesu Feb 27 #7
SamsDrink Feb 27 #8
marie999 Feb 27 #15
BootinUp Feb 27 #11
IronLionZion Feb 27 #12
cstanleytech Feb 27 #14
Miguelito Loveless Feb 27 #16
LiberalLovinLug Feb 27 #17

Response to DonViejo (Original post)

Sat Feb 27, 2021, 10:17 AM

1. This is fine except most large corporations pay well above minimum wage

This may have some effects on the margins.

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Response to Loki Liesmith (Reply #1)

Sat Feb 27, 2021, 10:33 AM

2. Huh?

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Response to jaxexpat (Reply #2)

Sat Feb 27, 2021, 10:46 AM

3. Around here, Walmart is starting at $12/hr,

Aldi at bit under that, but with generous benefits, BK hiring closers at $12. That nearly double the current minimum wage. Costco just raised their starting wage to 16/hr.

Personally, I wouldn't change the bill except for the deleting the min wage. They can raise the minimum wage by putting it in "must pass" legislation.

We can't let "perfect" be the enemy of the "good".

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Response to DeminPennswoods (Reply #3)

Sat Feb 27, 2021, 02:35 PM

9. I agree...biz owners are slowly GETTING IT. Republicans in Congress AREN'T

It costs a fortune in a biz to always have a revolving door of help going in and out. Just when you get someone trained and they make the owner money they take off for something that might pay just a little more.

Pay them $12-$15 NOW and keep your trained help. I ran businesses and hired help from 1977-1996 and never paid anyone minimum wage. I was paying a starting wage in one of my biz that is now the minimum wage except I was paying it in 1991--thirty years ago. I had zero time to jack around with the help turning over every week or so.

Using an inflation calculator that's almost $15.00 per hour today. That's for a company doing commercial mowing and landscaping. If I could easily pay it back then so can millionaire franchise holders today.

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Response to Bengus81 (Reply #9)

Sat Feb 27, 2021, 03:00 PM

10. Interestingly, the tax break big corps would get by paying

15/hr wage is noted to be up to 10k. That's close to Andrew Yang's basic subsidy of 1k/mo. Might as well leave out the tax break complication and just say the federal gov't will pay 1k/mo subsidy to anyone making under 15/hr.

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Response to DeminPennswoods (Reply #10)

Sat Feb 27, 2021, 08:03 PM

18. They can call it Under-Employment Income nt

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Response to jaxexpat (Reply #2)

Sat Feb 27, 2021, 01:20 PM

4. I could repeat myself.

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Response to Loki Liesmith (Reply #4)


Response to DonViejo (Original post)

Sat Feb 27, 2021, 01:38 PM

5. Add McDonald's, Wendy's, Burger King etc to the list**

*

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Response to UGADawg (Reply #5)

Sat Feb 27, 2021, 04:06 PM

13. Watch these companies get loopholed out of complying because of smaller franchisee's.

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 01:39 PM

6. Amazon pays $15 an hour (now).

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 01:54 PM

7. something this complicated is bound to run into problems with tRump appointed judges

blocking it as unconstitutional but hey, if they think is worth holding up passage for another week or so it must be worthwhile, I hope.

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 02:21 PM

8. How about VP Harris override the Parliamentarian's opinion

And keep the minimum wage hike in the Covid relief bill. It’s time for The Democrats to get a spine and fight for the working people. Put all who oppose on record, it’s a 2022 Campaign ad ready to be made.

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Response to SamsDrink (Reply #8)

Sat Feb 27, 2021, 04:40 PM

15. President Biden accepts parliamentarians ruling.

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 03:05 PM

11. I think this idea has legs. Nt

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 03:50 PM

12. It would be good to get corporate farms, meat packers, food service, hotels/resorts etc.

I get that GOP are obsessing over independent restaurants and small shops going under but the big ones need to pay their workers more.

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 04:14 PM

14. No, dont set it for 15 an hour. Instead use a formula that sets it so that the hourly wage

has to be over 200% above the federal poverty level.

Federal poverty level for single person in 2020 is 12,760 divided by 54 weeks = 236 a week + 200% = 708 a week divided by 40 hours a week = 17 dollars an hour.
That way it takes the minimum wage out of the hands of the politicians (mostly Republicans) who have been bribed/bought off for decades into opposing raises for the minimum wage.

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Response to DonViejo (Original post)

Sat Feb 27, 2021, 05:23 PM

16. Go back to Plan A

and grow a spine. The Republicans overruled the Parliamentarian multiple times, so there is ZERO reason for Dems not to do the same thing, citing prior acts by the GOP.

All of this back room, smoke and mirrors, accounting mumbo-jumbo, will NOT be seen by the Dem base as raising the minimum wage.

Failure to keep our promise and raise the minimum wage will result in massive losses in '22.

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Response to Miguelito Loveless (Reply #16)

Sat Feb 27, 2021, 06:04 PM

17. For some reason STILL, those in leadership fail to see the political consequences

Obama giving up on the public option

Keeping the Bush Tax Cuts to the wealthy

Funding charter schools over public schools.

Not holding Wall Street CEOs accountable for their avoidable crashing of the economy

- Loses seats in 2010

....

A $1400 cheque instead of a $2000 cheque

No $15 min. wage increase

??? what's next?

Its the cut of a thousand knives. Its cumulative. Not for me, but for a small but significant percent of Democratic voters, it can be "here we go again", and "why should I bother voting in 2022?"

Some will counter with "they couldn't get the Republican support". I say you go for the popular goals, and if it looks like its going to fail because of Republican votes, don't just wheel and deal (ie. capitulate) behind the scenes so you can come up with a watered down version. Because a watered down version benefits Republicans, who will then campaign how THEY helped pass a BIPARTISAN bill to help their constituents......even if they never were for it in the first place, they will claim credit. And for Democrats, it will harm them with their voters as they didn't fulfill their initial promises, and are seen once again as falling to capitulation. Whether these optics reflect the truth or not it doesn't matter!

I'd rather they play the long game, sure, try and make a deal first, but if the Rs want too much, some policies just can't be done at that time, if they can't be done right. But you use social media and every outlet you can to publicize what you wanted for the public, and how Republicans are preventing it. You do this every day, loudly. Making it very clear to the public, if you want these things, they must vote D next time.

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