Prime Rate Credit

July 29, 2006

Minimum Wage to Increase?

Filed under: Financial News — CleanedUpCredit @ 10:42 am

The House reportedly just approved an increase in the minimum wage for US workers currently making the minimum hourly wage, a good thing hopefully for the economy and people in the end. They paired it kind of oddly though, with a decrease in large estate taxes after lobbying by wealthy people such as large farmers, the Waltons, heirs to WalMart and other high influence people. This is, of course, a Republican move (I do say that sarcastically).

Democrats are blasting the “hybrid bill” as an excuse for Republican to irresponsibly cut large estate taxes. I have to agree on this one. It’s a typical example of Republicans making the rich richer. Why not just do the minimum wage increase, instead of doing something also for people who already have ridiculous amounts of money they could not possibly ever use in their lifetime. This is the kind of politics I DON’t like!

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