that happens that capacity. so we see the statistics coming out where wage growth continues to be, out minimum, wait one more just last week increasing its minimum wage i think people are not going to earn less than $17 an hour. we are making progress on all of these friends, but it it seems to really cause people to bristle. we are paying higher prices in some part because people are earning better wages. we haven t been able to see 15 dollar wages in this country. we have been able to legislate for its. the minimum wage of seven on 25 cents. i mean, if he put the numbers that you are reporting today in historical context, for the last 50 years, what we have seen, largely is a wage stagnation. what we ve largely seen is corporate profit growing, productivity increasing, but the working class not benefiting from it. so right now we see a different trend, and we should be doubling down on that trend and making it structurally sound, not just in this period, but going forward. so t
weakened the initial biden proposal, which was basically shared by all democrats to allow medicare to negotiate prescription drug prices. it was extremely popular with just about everyone except rich pharmaceutical executives. she killed another effort to close the carried interest loophole which serves wealthy hedge fund managers to avoid paying their fair share of taxes. the most infamous of her actions are probably this moment when she delivered a theatrical thumbs down on the senate floor, against the proposal for a 15 dollar minimum wage. now, at first glance, senator sinema s approach is a big baffling. i mean, it s one thing for instance, if joe manchin supports bernie coal, and you know, extending coal companies, i think it s terrible policy, destroying our planet, but it makes some sense, politically. i mean, he represents a very conservative state. that is dominated by coal interests for years. but she put prescription drugs, taxing wall street, raising the minimum wage, thos
manchin of west virginia, and it any hope of filibuster reform, who have prevented democrats from pursuing what president biden s most ambitious agenda, by requiring the support of ten republicans for most legislation. sinema also dramatically weakened the initial biden proposal, which was basically shared by all democrats to allow medicare to negotiate prescription drug prices. it was extremely popular with just about everyone except rich pharmaceutical executives. she killed another effort to close the carried interest loophole which serves wealthy hedge fund managers to avoid paying their fair share of taxes. the most infamous of her actions are probably this moment when she delivered a theatrical thumbs down on the senate floor, against the proposal for a 15 dollar minimum wage. now, at first glance, senator sinema s approach is a big baffling. i mean, it s one thing, for instance, if joe manchin supports burning coal, and you know, extending coal companies, i think it s terrible p
all know that those additional funds, given to the irs under the inflation reduction act, were aimed at holding billionaire tax cheats accountable. it s something that those republicans, if they were moderate, should never have voted in favor for. so this is what made you interesting is congressman, you and i ve talked many many, times you are also gracious to come to my show very early on a weekend morning, we don t come from the same place as a lot of members of congress. members of congress, in this country, tend to be pretty rich, generally speaking pretty white. you have a completely different background, and makes you and a handful of other members of congress say, don t mess with regular peoples lives. don t punish the regular people for the stuff. and, yet we are falling back on this. we are doing those things like with the irs agents, like with the debt ceiling, that are going to hurt regular people. that s exactly right. so the policy consequences of not having more worki