Biden's Relief Bill Just Got Easier to Pass

[DonViejo]

February 26, 2021 at 9:17 am EST By Taegan Goddard

First Read: “Democrats didn’t have 50 Senate votes to pass a $15 minimum wage increase, and the entire debate was complicating the rest of the Covid-19 relief package.”

“So if the goal was having the least amount of drama before passing the bill, then the Senate parliamentarian did Biden and the Dems a big favor (and it’s maybe the reason why Biden had already been signaling that the minimum wage hike wasn’t going to survive).”

“Now there’s a legitimate debate for Biden and the Dems on what they do next on the minimum wage. Do they try to pass a stand-alone hike to $15? Somewhere lower but tied to inflation? Or do they take tax deductions away from corporations that don’t pay a $15 per-hour minimum wage, as Sen. Bernie Sanders, I-Vt., called for after the parliamentarian ruling?”

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https://politicalwire.com/2021/02/26/bidens-relief-bill-just-got-easier-to-pass/

[Just_Vote_Dem]

1. In lieu of the $15 min wage

Sander's proposal sounds pretty good. But they eventually have to do the $15 in a standalone IMO.

[Indykatie]

2. I Still Think A Better Approach Would Be to Set the Minimum Based on Geographic Location

The minimum in CA or NYC should not be the same as it in AL or MS. There must an inflation factor included no matter what they decide to do.

[lagomorph777]

3. Maybe they could combine your idea with the tax incentive idea.

[bobnicewander]

4. In addition to whatever

solution is adopted make those who make fortunes in this country but pay zero taxes pay taxes. No free lunch for anybody. Enough of the wealthy getting their way by financial threats. Pass laws and enforce them. Enough with the great financial inequality gap.

What were top tax rates under president Eisenhower when we built the greatest middle class in history? I read it was around 90 per cent for wealthy individuals and high for companies. Can anyone verify or flesh out?

[jimfields33]

5. That's why they should change the tax laws

Under 30K pays 1 percent
Under 50K pays 5 percent
Under 100K pays 15 percent
Under 500K pays 20 percent
Under 1 million pays 25 percent
Over 1 million pays 30 percent

No deductions period!!!!!

How does that sound? The only problem would be CEOs who don’t take a salary and get paper shares. Maybe tax those by the amount of shares received?