(LibertySociety.com) – President Joe Biden was sworn into office on Wednesday, January 20. The new commander-in-chief plans a number of new bills, such as a COVID-19 relief package that includes a $15-per-hour minimum wage. Some Republicans have already made it clear they don’t plan to give in to his demands for a wage hike.
On Tuesday, January 19, Senator Tim Scott (R-SC) said raising the minimum wage to $15 would “do nothing but shutter the millions of small businesses already on life support.” The Congressional Budget Office’s (CBO’s) data supports the senator’s position. According to reports, the CBO suggests that the wage hike could cause 3.7 million job losses.
The nonpartisan Congressional Budget Office says Joe Biden's plans to bump the minimum wage to $15 would cost 3.7 million jobs. https://t.co/w7DtHHZnON
— MediaResearchCenter (@theMRC) January 20, 2021
Keep in mind, the US is recovering from the worst pandemic in a century. We need policies that will help the country. Instead, right out of the gate, Biden wants to implement policies that will hurt the American people. That’s not a good sign for what lies ahead.
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