Federal Minimum Wage Update - Back to the House

It's been quite a busy week for our Compliance and Research Attorneys, here at G.Neil. They're working hard to track the Federal Minimum Wage bill and what that will mean for us and for you, so they've asked me to relay the latest update.

With two key developments in the Senate this week, the potential for the federal minimum wage increase in 2007 has strengthened. We mentioned that on Tuesday, the U.S. Senate voted to add a package of tax breaks for small businesses to the bill - this was approved on Thursday in a 94-3 vote. The modified bill is now headed back to the House. Analysts are pretty sure that the Senate and House will reach a compromise and that the final bill will go to President Bush to be signed.

President Bush issued a statement regarding the latest developments that shows his support of the bill. You can read it here.

Helene Kopel, G.Neil Blog Guru

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