This is it...almost. Last night, Congress approved the first increase in the federal minimum wage, in over a decade. This measure would raise the federal minimum wage to $7.25 an hour from $5.15 in three stages over two years. The bill includes $4.84 billion in tax breaks for small businesses. President Bush has already said he's ready to sign it and once that happens, the wage increase will become law.
We'll be keeping you updated on what this means to you, and how you can ensure compliance with the new laws, so sign up for blog updates on the right side of this page to stay informed (or save this page to your "Favorites" and check back soon)!
You can read more about the news here:
Congress Passes Increase in the Minimum Wage
SPECIAL UPDATE: Federal Minimum Wage Passed in Congress
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