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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