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Senior Democrats explore tax largely hitting Fortune 1000 companies not paying $15 an hour

Senior Democrats explore tax largely hitting Fortune 1000 companies not paying $15 an hour
Jeff Stein and Erica Werner, The Washington Post
Feb. 27, 2021
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The U.S. Capitol is seen in Washington, D.C., on Feb. 26, 2021.Washington Post photo by Salwan Georges.
WASHINGTON - Senior Democratic lawmakers trying to find a backup plan to a minimum-wage increase are exploring new tax penalties on firms with more than $2.5 billion in gross receipts that do not pay at least $15 an hour, according to two people familiar with the matter.
The measure, which aides cautioned was still under discussion and subject to change, would aim to levy a 5% annual tax on these large corporations if they pay below $15 an hour, according to the two people, who spoke on the condition of anonymity to share details of private deliberations. Democrats might aim to ratchet up the 5% penalty over time for large firms that do not increase their wages, although that measur ....

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Focus on fate of $15 minimum wage in Senate as House prepares to take up Biden's $1.9 trillion relief bill

Focus on fate of $15 minimum wage in Senate as House prepares to take up Biden's $1.9 trillion relief bill
lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.

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Biden faces first potential Cabinet defeat as opposition grows to budget-office nominee

Biden faces first potential Cabinet defeat as opposition grows to budget-office nominee
Seung Min Kim, Annie Linskey and Jeff Stein, The Washington Post
Feb. 22, 2021
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1of3Sen. Susan Collins, R-Maine, talks with reporters on Feb. 11, 2021.Washington Post photo by Katherine FreyShow MoreShow Less
2of3Sen. Joe Manchin, D-W.Va., arrives at the Senate Metro station on Friday, Feb. 12, 2021.Washington Post photo by Demetrius FreemanShow MoreShow Less
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WASHINGTON - President Joe Biden was on the cusp of his first Cabinet defeat Monday as two closely watched GOP senators announced their opposition to Neera Tanden, his pick to be the nation s chief budget official, potentially dealing a major blow to an administration that has struggled to fill top posts across the government. ....

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A Biden edge in COVID-19 bill: Dems reluctant to wound him

A Biden edge in COVID-19 bill: Dems reluctant to wound him
lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.

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House Democrats reject plan to curtail $1,400 stimulus payments

Congressional Democrats had explored curtailing that benefit to $50,000 for individuals. ....

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