Sen. Wyden pitches ‘plan B’ for federal minimum wage increase
Updated Feb 26, 2021;
Posted Feb 26, 2021
Senate Finance Committee Chairman Sen. Ron Wyden, D-OR., talks with staff during a committee nomination hearing for Katherine Tai to become the U.S. Trade Representative, Thursday, Feb. 25, 2021 on Capitol Hill in Washington. (Tasos Katopodis/Pool via AP) APAP
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WASHINGTON Senate Finance Chairman Ron Wyden said Friday he’s drafting a “plan B” to boost the federal minimum wage through the tax code since the parliamentarian shot down language included in a pandemic relief package.
The Oregon Democrat issued a statement saying his proposal would impose a 5% penalty on the payroll of “big corporations” if any of their workers “earn less than a certain amount.” The penalty would increase over time and also apply in cases where companies replace those workers with contractors, he said.
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