Report: President Obama Wants to Raise Minimum Wage to $10

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The White House supports a Democratic proposal to raise the federal minimum wage to $10.10 per hour, The New York Times says.

That’s according to an anonymous White House official, of course. President Obama publicly supported an increase to at least $9 an hour in his State of the Union address early this year.

U.S. Labor Secretary Thomas E. Perez took to Twitter on Friday to support an increase, although he wasn’t specific about the amount. “Here’s the bottom line: No one who works a full-time job should have to live in poverty,” he said through the official Twitter account of the Labor Department.

“A $10.10 minimum wage would have pushed more than half — 58 percent — of the nation’s 10 million-plus working poor out of poverty in 2011,” The Huffington Post says, citing a June study by advocacy group Restaurant Opportunities Centers United.

The measure to raise the wage to $10.10 from the current $7.25, known as the Fair Minimum Wage Act, would take place over two years, Bloomberg says. After that, increases would be tied to inflation.

“The legislation will probably be coupled with some tax sweeteners for small businesses, traditionally the loudest opponents of increases to the minimum wage,” the Times says.

One provision discussed would allow businesses “to deduct the total cost of investments in equipment or expansions, up to a maximum of $500,000 in the first year,” the Times says.

Even a sweetened bill would have to make it through the Republican-controlled House first. Given the financial wars Congress has been waging over the past two years, that seems unlikely. In March, the House voted 233-to-184 against a similar proposal.

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  • The Punisher

    and then everyone raises their prices except for the Seniors on Social Security…..

  • AnIndependentwithabrain

    Maybe they can take some crumbs, tiny crumbs at that, from the 10% who control 86% of world assets to pay for this increase.

  • transmitterguy

    I can’t afford a egg mcmuffin now! Forget it after the raise.

  • transmitterguy

    Raise the taxes on all rich people, they don’t need that money anyway.

  • Al Seaver

    This is nothing more than a distraction to divert the public’s attention from the obonzocare fiasco. Not gonna work, you stupid dems.

  • ModernMode

    The Republicans have proven time and again that they don’t care about the poor. So it will never pass the house.

  • Cherie

    ??? Then what about the people that already make above $10.00 an hr and still don’t have anything but won’t get a raise!!! I work hard every day for my pay check and it doesn’t seem to go anywhere now days. Lets jus say minimum wage did go up, then the price of everything would go up. THAT WILL NOT FIX ANYTHING!!! It will put small all the small business owners out. It will raise cost on items then the people that have gone to school and do work hard and have tried to move up in their business adventures go to hell in a hand basket… Oh My gosh I just don’t understand why things don’t get thought threw before being thrown into action now days…

  • pnclement

    I haven’t seen anyone complaining about the huge salary gap between executives and working class people. It’s way overdue to bring the bottom tier of workers up to their rightful minimum wage rate. This will fuel the economy — something overpaid executives have no understanding of how to fuel an economic recovery!

  • OLD OTTO

    YUP…now that we are being beaten over the head, losing health insurance policies we like and “taxed” to death over Obama Care to cover those who can not afford or do not want to pay for health care, we are also going to pay them more!

  • matt wilkinson

    Good idea. Now all those people who have had their health insurance cancelled because of Obamacare can now afford the tripling of their premiums through the exchanges.

  • Paula

    Oh, so glad you brought up Australia! We might be able to raise the minimum wage if we follow Australia on the following points as well: To immigrate to Australia, one has to meet a basic list of requirements including the following:

    1) Proficiency in the English language even if that’s NOT your native language…You have to PASS AN ENGLISH TEST! 2)To get to move there, you have to show that you already HAVE A JOB LINED UP or YOU HAVE SKILLS THEY NEED!! Imagine that! They make people work!! 3)You must meet HEALTH REQUIREMENTS! In other words, if you are sick, don’t try to move to Australia, they don’t want to PAY FOR YOUR CARE…hey, they’re good people and all, some of them even love Jesus, but they don’t feel RESPONSIBLE FOR YOU. 4)My personal favorite…CHARACTER! Yes, that’s right, visa applicants are assessed according to the character requirement and may have to prove they’ve not been to prison. 5) you must sign and accept the Australian VALUES STATEMENT, signaling that you are willing to accept the Australian way of life and obey the laws.

    So, if we adopt $16.00 and hour, lets adopt the rest of their policies too!!!!