SoonerMD09
Elite
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- Jan 9, 2021
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I really don't see the play here. With all the furloughs and jobs lost though COVID, there are many Americans just grateful to have a job. Raising MW to 15/hour can only eliminate jobs in small business that are trying to recoup from the last financial crisis.
I suppose if you were trying to make everyone lose their job and be dependent on the state for sustenance than this would make sense...
I really don't see the play here. With all the furloughs and jobs lost though COVID, there are many Americans just grateful to have a job. Raising MW to 15/hour can only eliminate jobs in small business that are trying to recoup from the last financial crisis.
I suppose if you were trying to make everyone lose their job and be dependent on the state for sustenance than this would make sense...
Politics
February 4, 2021, 10:06 AM CST Updated on February 4, 2021, 1:13 PM CST
The White House reinforced President Joe Biden’s call for a minimum wage hike amid rising uncertainty it can get through Congress as part of his $1.9 trillion relief package. Senate Budget Committee Chair Bernie Sanders is tapping an expert in the chamber’s arcane rules as the panel’s top lawyer, to help push through Biden’s plan.
The Senate is set to start voting Thursday on a budget resolution for the 2021 fiscal year, a maneuver that would clear the way for Biden’s Covid-19 package to pass in the chamber with a simple majority rather than the 60-vote threshold required for most legislation. The House passed its version of the budget Wednesday evening.
Treasury Secretary Janet Yellen on Thursday reiterated her call for a large-scale bill to help Americans battered by the pandemic to make it through until vaccines arrest the coronavirus. “We need to act big,” she said on ABC’s “Good Morning America.”
Key Democratic Senator Joe Manchin said this week that he opposes a $15 hourly wage, and all 50 Democrats would be needed to pass it in the Senate under a special budget procedure. It is also unclear whether under Senate rules the minimum wage can stay in a reconciliation bill.
House Speaker Nancy Pelosi told reporters that if the provision does gets cut, Democrats will keep trying to build support for it later in the year.
“It doesn’t mean it won’t happen just because it won’t happen there,” Pelosi said. -- Erik Wasson
Bill Dauster, a former top aide to Senate Majority Leader Harry Reid, tweeted late Wednesday that he will be taking the role of chief counsel for Senate Budget Committee Democrats.
Dauster comes back to the Senate just as Sanders’s staff prepares a pandemic relief bill of as much as $1.9 trillion in the face of Republican opposition. The bill will have to be carefully tailored because GOP members will likely challenge provisions that they’ll argue don’t qualify for filibuster protections under so-called reconciliation rules -- such as Biden’s proposed minimum-wage hike.
In a January op-ed in Roll Call, Dauster argued that raising the minimum wage qualifies under reconciliation and that Democrats can overrule a potential parliamentary decision to exclude it.
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Dauster served as Reid’s deputy chief of staff for policy and also once was head or deputy staff director for three Senate panels: Budget, Finance, and Labor and Human Resources. He was also deputy director of the White House National Economic Council in Bill Clinton’s administration, according to his bio on the website of the University of Pennsylvania, where he has been teaching a course on Washington. -- Laura Litvan
The Utah Republican’s plan proposes to increase the child tax credit to $4,200 a year for children five and under and $3,000 for children ages six to 17, up from $2,000. The plan is even more generous than Biden’s, which would give $3,600 a year to younger children and $3,000 for school-aged kids.
Romney and Biden are both proposing to send the benefit out monthly, equating to $350 a month for younger children under the Romney plan or $300 under the Biden plan. Both proposals would send $250 a month for older children. Currently, the child tax credit is added on to a family’s tax refund once a year.
Romney’s full proposal is likely a non-starter in bipartisan talks, because he suggests paying for the $229.5 billion in tax credits by with moves that will be unpalatable to Democrats.
He is proposing to completely eliminate the state and local tax deduction and the child-care tax credit, both benefits that Democrats want to expand. He would also reduce spending on the earned income tax credit, reduce nutrition-assistance benefits and make cuts to other social programs.
Romney is one of the 10 Republican senators who have offered a $618 billion stimulus counter-offer to Biden’s $1.9 trillion plan. The GOP plan released earlier this week didn’t include the child tax credit. -- Laura Davison
The amendment process will be “bipartisan, it will be open and it will be vigorous,” Schumer said on the Senate floor Thursday morning.
The consideration of amendments on the floor of the Senate is known as a vote-a-rama, where hundreds of proposals can be offered to the budget for simple majority votes. The process is expected to go past midnight, and feature issues unrelated to Covid-19 assistance.
“We’re going to put senators on the record” on issues including the Keystone XL oil pipeline, Senate Republican leader Mitch McConnell said Thursday. Biden canceled the pipeline last month over environmental concerns. -- Laura Litvan
— With assistance by Laura Davison, Laura Litvan, and Erik Wasson
White House Doubles Down on Minimum Wage Hike: Stimulus Update
Bloomberg NewsFebruary 4, 2021, 10:06 AM CST Updated on February 4, 2021, 1:13 PM CST
The White House reinforced President Joe Biden’s call for a minimum wage hike amid rising uncertainty it can get through Congress as part of his $1.9 trillion relief package. Senate Budget Committee Chair Bernie Sanders is tapping an expert in the chamber’s arcane rules as the panel’s top lawyer, to help push through Biden’s plan.
The Senate is set to start voting Thursday on a budget resolution for the 2021 fiscal year, a maneuver that would clear the way for Biden’s Covid-19 package to pass in the chamber with a simple majority rather than the 60-vote threshold required for most legislation. The House passed its version of the budget Wednesday evening.
Treasury Secretary Janet Yellen on Thursday reiterated her call for a large-scale bill to help Americans battered by the pandemic to make it through until vaccines arrest the coronavirus. “We need to act big,” she said on ABC’s “Good Morning America.”
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White House Highlights Need for Minimum Wage Hike
White House spokeswoman Jen Psaki said Thursday that President Joe Biden “feels strongly” about raising the minimum wage to $15 per hour amid rising uncertainty over whether the provision will pass in Congress as part of a Covid-19 relief bill.Key Democratic Senator Joe Manchin said this week that he opposes a $15 hourly wage, and all 50 Democrats would be needed to pass it in the Senate under a special budget procedure. It is also unclear whether under Senate rules the minimum wage can stay in a reconciliation bill.
House Speaker Nancy Pelosi told reporters that if the provision does gets cut, Democrats will keep trying to build support for it later in the year.
“It doesn’t mean it won’t happen just because it won’t happen there,” Pelosi said. -- Erik Wasson
Sanders Taps Rules Expert to Help Push Bill
Senate Budget Committee Chair Bernie Sanders is bringing in an experienced hand who can help him navigate the tricky task of crafting a Democrat-only stimulus bill that can withstand threats of a filibuster by Republicans.Bill Dauster, a former top aide to Senate Majority Leader Harry Reid, tweeted late Wednesday that he will be taking the role of chief counsel for Senate Budget Committee Democrats.
Dauster comes back to the Senate just as Sanders’s staff prepares a pandemic relief bill of as much as $1.9 trillion in the face of Republican opposition. The bill will have to be carefully tailored because GOP members will likely challenge provisions that they’ll argue don’t qualify for filibuster protections under so-called reconciliation rules -- such as Biden’s proposed minimum-wage hike.
In a January op-ed in Roll Call, Dauster argued that raising the minimum wage qualifies under reconciliation and that Democrats can overrule a potential parliamentary decision to exclude it.
The latest in global politics
Get insight from reporters around the world in the Balance of Power newsletter.
Sign Up
By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg.
Dauster served as Reid’s deputy chief of staff for policy and also once was head or deputy staff director for three Senate panels: Budget, Finance, and Labor and Human Resources. He was also deputy director of the White House National Economic Council in Bill Clinton’s administration, according to his bio on the website of the University of Pennsylvania, where he has been teaching a course on Washington. -- Laura Litvan
Romney Pitches Expanded Child Tax Credit, Echoing Biden (11:06 a.m.)
Senator Mitt Romney is offering a child tax credit expansion plan similar to a proposal President Joe Biden is pushing to include in the next stimulus bill, offering a glimpse of areas on which Republicans and Democrats could find compromise in a bipartisan package.The Utah Republican’s plan proposes to increase the child tax credit to $4,200 a year for children five and under and $3,000 for children ages six to 17, up from $2,000. The plan is even more generous than Biden’s, which would give $3,600 a year to younger children and $3,000 for school-aged kids.
Romney and Biden are both proposing to send the benefit out monthly, equating to $350 a month for younger children under the Romney plan or $300 under the Biden plan. Both proposals would send $250 a month for older children. Currently, the child tax credit is added on to a family’s tax refund once a year.
Romney’s full proposal is likely a non-starter in bipartisan talks, because he suggests paying for the $229.5 billion in tax credits by with moves that will be unpalatable to Democrats.
He is proposing to completely eliminate the state and local tax deduction and the child-care tax credit, both benefits that Democrats want to expand. He would also reduce spending on the earned income tax credit, reduce nutrition-assistance benefits and make cuts to other social programs.
Romney is one of the 10 Republican senators who have offered a $618 billion stimulus counter-offer to Biden’s $1.9 trillion plan. The GOP plan released earlier this week didn’t include the child tax credit. -- Laura Davison
Schumer Sees ‘Vigorous’ Series of Vote-a-Rama Proposals (10:23 a.m.)
Senate Majority Leader Chuck Schumer said he anticipated a “vigorous” series of proposed amendments to the budget resolution the chamber is set to consider on Thursday.The amendment process will be “bipartisan, it will be open and it will be vigorous,” Schumer said on the Senate floor Thursday morning.
The consideration of amendments on the floor of the Senate is known as a vote-a-rama, where hundreds of proposals can be offered to the budget for simple majority votes. The process is expected to go past midnight, and feature issues unrelated to Covid-19 assistance.
“We’re going to put senators on the record” on issues including the Keystone XL oil pipeline, Senate Republican leader Mitch McConnell said Thursday. Biden canceled the pipeline last month over environmental concerns. -- Laura Litvan
— With assistance by Laura Davison, Laura Litvan, and Erik Wasson
