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Senators had floated the backup plan Thursday and Friday, after the Senate parliamentarian ruled that a proposed federal minimum wage increase to $15 per hour didn t meet the requirements that Democrats must follow to pass the stimulus bill without Republican support.
The plan B, championed by Senate Finance Chair
Ron Wyden, D-Ore., and Senate Budget Chair
Bernie Sanders, I-Vt., would have punished billion-dollar corporations that didn t pay workers enough using various tax incentives.
Lawmakers were considering a variety of penalties, including a 5% levy on a big corporation s total payroll if any workers earned less than $15 per hour.
The fate of the Biden administration s first major legislation now rests in the Senate after the House passed its version of the bill early Saturday largely along party lines.