With the latest development in the Senate this week, the federal minimum wage change is one step closer to being passed in 2007.
On Tuesday, the U.S. Senate voted to add a package of tax breaks for small businesses to the bill — this move may ultimately lead to its approval and signing by President Bush.
If the bill passes the vote in the Senate, which is expected to happen this week, it will go back to the House for "discussions." When the House passed the minimum wage bill earlier this month, it was without any tax breaks, so it's got to go back for agreement. Then, if the House and Senate agree on a final version of the bill, it will head to the President.
Leading analysts predict that with the addition of those tax breaks for small businesses, the President is much more likely to sign the bill.
Keep coming back, we'll keep you posted.
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