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Detailed text transcripts for TV channel - FOXNEWS - 20140219:15:38:00

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FOXNEWSW Americas Newsroom February 19, 2014

there is give-and-take. i m bill hemmer. a big welcome back to martha. coming out of the mountains and back to the city. martha: out of the mountains and back to the city where there is more snow than the mountains sometimes. good morning i m martha maccallum. this report is released just as the senate gets ready to debate the proposal to raise the minimum wage to $10.10. bill: my friend, this will cost a lot of jobs. how do you see it? raising a minimum wage is the mainstay of the president s economic policy cbo, government s own bean counters objectives down the line analysts say one-half million jobs will be lost by 2016 if you raise the minimum wage to $10.10 an hour, bill. bill: i wonder if people thought that they conclude it will raise income. is that a fair tradeoff? let me get to that. 16.5 million people will get a raise, but, will only add $2 billion in real net income. that is a direct quote from the cbo, real net income, only goes up $2 billion. that is in a

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