NEWS

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August 4, 2006

Minimum wage hike rejected

Hammond must be sad, the minimum wage hike was rejected late tonight:

A Republican election-year effort to fuse a cut in inheritance taxes on multimilllion-dollar estates with the first minimum wage increase in nearly a decade was rejected by the Senate late Thursday.Republicans needed 60 votes to advance their bill, which links a $2.10 increase in the $5.15 federal minimum wage over three years to reductions on estate taxes next decade. Passed by the House last Saturday, the bill got a 56-42 vote, four votes short of succeeding.