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Democrats Block Minimun Wage Hike
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Dymon J
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Joined: Mar 17th, 2006
Location: Columbus, Georgia USA
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 Posted: Aug 4th, 2006 05:34 PM

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IF IT AIN'T ONE THING, IT'S ANOTHER!!!










'Fattest cats'
On 30 July, the House of Representatives voted in favour of increasing the minimum wage from the existing hourly rate of $5.15 to $7.25 by the middle of 2009.
But the bill also included plans to cut estate taxes, which are a form of inheritance tax levied when a property transfers from one person to another following a death.
Republicans say small businesses and farmers would benefit.
But many economists argue that expanding the estate tax benefit would only serve a small slice of the US population, who are already rich.
"The Republicans can get 6.6 million Americans an increase in their basic minimum wage, as long as we promised that the fattest cats in America would get a great big bowl of tax cuts," said Senator Richard Durbin of Illinois, the second-ranking Democrat in the Senate.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/5244518.stm

Published: 2006/08/04 09:19:51 GMT

© BBC MMVI



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