People on the lowest rung of the income ladder, not unlike myself, can expect to be getting raise: $7.25/hour.
House Votes To Raise Minimum Wage – from the NY Times.
The Senate needs to concur and its likely that the Senate version of the bill will include tax breaks for small business. I am fully in support of the Senate’s effort at including the tax breaks for small business, given that small businesses are those hit hardest by wage increases. Now the question is whether or not the final conference bill will have $7.25/hour and the tax breaks. Of course there’s that larger question: Will Bush sign the damned thing?
IF Bush vetoes it, can enough votes be accrued to override the veto?