Thursday, June 22, 2006

Senate defeats Democrats minimum wage increase
Odd title. Should be "Senate shafts the working poor again" or something along that line.

Nice try Ted.

WASHINGTON (Reuters) - The U.S. Senate on Wednesday defeated a proposal pushed by Democrats to raise the federal minimum wage in increments from $5.15 to $7.25 an hour by January 1, 2009.

Sen. Edward Kennedy, a Massachusetts Democrat, unsuccessfully tried to attach the proposal raising the wage for the first time since 1997 to a defense authorization bill that is expected to be passed by the Senate soon.

While a majority of the Senate, 52 senators, backed the move to increase the minimum wage, it failed to win the 60 votes needed for passage under a procedural agreement worked out earlier.

Operating under those same rules, the Senate was expected to also defeat a Republican-backed amendment that would raise the minimum wage in two steps to $6.25. But that measure also would change some work rules, drawing Democratic opposition.

House Democrats, like their Senate counterparts, are pushing a $2.10-per-hour minimum wage increase. Last week, the House Appropriations Committee voted to include the wage hike in a fiscal 2007 labor and health spending bill.

House Republican leaders, who oppose raising the minimum wage, have put that bill on a backburner because of the amendment.

House Republicans have MUCH better things to do, such as - you guessed it- an emergency meeting to try to rush through more tax cuts for the rich.

Rep. Louise Slaughter brings us this-

The House Republican leadership scurried up to the Rules Committee hearing room for an EMERGENCY meeting they convened with 5 minutes notice. Literally.

Wonder where the fire was? Well the topic Republicans chose for EMERGENCY consideration ... H.R. 5638, the Republican Estate Tax Relief bill, designed to further reduce the estate-tax after the year 2011. Yes, estate-tax reduction, which would benefit less than 1% of the population, was more important to this Republican Leadership than passing a minimum wage increase, extending the voting rights act, or having a real, substantive debate on the war in Iraq.

Follow the link above for some facts on the estate tax repeal. Follow this link to find out who is behind it-

The multimillion-dollar lobbying effort to repeal the federal estate tax has been aggressively led by 18 super-wealthy families, according to a report released today by Public Citizen and United for a Fair Economy at a press conference in Washington, D.C. The report details for the first time the vast money, influence and deceptive marketing techniques behind the rhetoric in the campaign to repeal the tax.

It reveals how 18 families worth a total of $185.5 billion have financed and coordinated a 10-year effort to repeal the estate tax, a move that would collectively net them a windfall of $71.6 billion.

-snip-

The stakes of the campaign are great, not only for the super-wealthy families, but for the public. If the families’ repeal bid succeeds, it will cost the U.S. Treasury a trillion dollars in the first decade – roughly what it would cost to provide health insurance for every uninsured person in the United States.

Yes, the DeVos family is one of the 18. Wipe that look of shock off your face.