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Saturday, July 28, 2012

Democrats introduce bill to raise minimum wage to $9.80

  By Laura Clawson for Daily Kos Labor on Fri Jul 27, 2012

More than 100 House Democrats introduced a bill Thursday to raise the minimum wage. Rep. George Miller's proposed legislation would raise the minimum wage to $9.80 over three years, 85 cents per year, then link it to inflation, so that raising it wouldn't have to be a giant political fight every few years. Tipped workers, who haven't seen their $2.13 minimum wage increased since 1991, would get 85 cent raises until the tipped minimum was 70 percent of the full minimum wage.

"Anyone who works hard and plays by the rules should not live in poverty. Yet 47 million Americans now qualify as the working poor. Raising the minimum wage helps families make ends meet," Miller said in a statement accompanying the bill.

If you work at the current minimum wage for 40 hours a week, 52 weeks a year, with no time off at all, the $15,080 you earn puts you $50 below the poverty threshold for a family of two. That—and the fact that many minimum wage employers keep workers at part-time levels—is why so many working people are forced to rely on the Supplemental Nutrition Assistance Program and Medicaid and other aid programs. It shouldn't be controversial to say that if you work, you shouldn't be poor. But to today's Republican Party, that counts as a radical statement.

Raising the minimum wage won't even come up for a vote in Speaker John Boehner's House. We need a Democratic majority and Speaker Pelosi for that, just as we did in 2006 when Republicans had been blocking minimum wage increases for years. If ever you're tempted to think there's not enough difference between Democrats and Republicans to bother voting, remember that Democrats are the ones trying to give 28 million workers a raise in a way that will stimulate the economy.

Cost Of Repealing Obamacare

   On Tuesday, the CBO ( Congressional Budget Office ) provide a letter with an estimate of how much it will cost to repeal the Affordable Care Act, to House Speaker John Boehner, not that he will pay any attention to it.

    The CBO found “ "the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013-2022 period."

The primary reason for the deficit increase, the report showed, was the repeal of several tax increases within the health care law. While the repeal bill would reduce direct federal spending by $890 billion over that period, it would also slash more than $1 trillion in new taxes.     Yahoo News

   So in essence, Boehner and his band of merry men, being the deficit hawks trying to cut government spending, will add to that spending/deficit.

In a separate analysis, the CBO also measured the impact of the June Supreme Court ruling that struck down parts of the health care law but left core provisions intact, and found that it would save $84 billion because of reduced Medicaid spending.

The CBO estimated in 2011 that the health care law would reduce the federal deficit by $210 billion over 10 years because of the law's revenue increases.

   Once again, the Republicans prove that they do not care about cutting spending unless it happens to programs which affect the middle class and the poor.

  If by some chance Romney makes it into the White House, you can bet your asses that those deficits will no longer matter.