House approves minimum wage increase
WASHINGTON – Republicans muscled the first minimum wage increase in a decade through the House early Saturday after pairing it with a cut in inheritance taxes on multimillion-dollar estates.
“Just think of what it is to have a bill that says to minimum wage workers, ‘We’ll raise your minimum wage but only if we can give an estate tax cut to the 7,500 wealthiest families in America,’” said Minority Leader Nancy Pelosi, D-Calif.
min. wage was increased to 7.25 over the next 3 years. But dont worrie they gave themselves a hefty raise to.
The bill passed Saturday would exempt $5 million of an individual’s estate, and $10 million of a couple’s, from estate taxes by 2015. Estates worth up to $25 million would be taxed at capital gains rates, currently 15 percent and scheduled to rise to 20 percent. Tax rates on the remainder of larger estates would fall to 30 percent by 2015.
http://news.yahoo.com/s/ap/20060729/ap_on_go_co/minimum_wage
The Republicans had to tie another bill onto it or The min. wage part of the bill would’nt have passed.
I’ll remember this when time come’s to vote! I think ill go Democratic unless something big changes.
THE SERMON ON THE MOUNT
Matthew 5:3-11
The Beatitudes
“Blessed are the poor in spirit: for theirs is the kingdom of heaven. Blessed are they that mourn: for they shall he comforted. Blessed are the meek: for they shall inherit the earth. Blessed are they which do hunger and thirst after righteousness: for they shall be filled. Blessed are the merciful: for they shall obtain mercy. Blessed are the pure in heart: for they shall see God. Blessed are the peacemakers: for they shall be called the children of God. Blessed are they which are persecuted for righteousness’ sake: for theirs is the kingdom of heaven. Blessed are ye, when men shall revile you, and persecute you, and shall say all manner of evil against you falsely, for My sake”
Recent Comments