Mandated Benefits: The Hidden Tax Hike That Destroys Jobs heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
(AP Photo/Patrick Semansky, File)
Last week, the pet project of the anti-American left and the “Great Reset” corporatists, hit an unexpected roadblock.
Nancy Pelosi’s leadership team in the House had included a provision increasing the national minimum wage to $15 per hour. There was a lot of celebrity firepower pushing this proposal. Alexandria Ocasio-Cortez’s formidable economics brain was employed to justify it. Jeff Bezos’s Amazon weighed in favorably as did the paper he owns. The $15 per hour federal minimum wages is one of those ideas that look great on paper but when it is put into effect the results are universally grim. The left-leaning, never-seen-a-program-it-didn’t-like Congressional Budget Offce estimated it would quickly cost 1.4 million jobs. To the “Great Reset” types, this is a feature not a bug as they are pushing for a guaranteed minimum income.