Select Page

There’s A New Twist In Biden’s Ridiculous Push For A $15 Minimum Wage

There’s A New Twist In Biden’s Ridiculous Push For A $15 Minimum Wage

Authored by Mike Shedlock via MishTalk,

Twists and turns abound in Progressives’ push for a minimum wage hike.

Progressives Won’t Give Up 

Senate parliamentarian ruled that putting a stepped increase in the wage to $15 an hour in Biden’s $1.9 trillion pandemic relief plan didn’t comply with Senate budget rules.

That ruling did not stop progressives. Specifically, AOC Proposed Abolishing Filibuster Rules among other things.

“Really our options right now, at least our immediate options on this specific issue, is to do something about this parliamentary obstacle or abolish the filibuster,” New York Representative Alexandria Ocasio-Cortez said Friday.

Democrats pushing the minimum wage provision say the rest of Biden’s agenda, including infrastructure investments, immigration reform and measures to combat climate change, is at stake. Representative Pramila Jayapal, head of the Congressional Progressive Caucus, said this is a moment that’s “not just about minimum wage — it’s all the promises Democrats made.”

“We made a promise to raise the minimum wage,” Jayapal said Friday. “We now have to deliver on that promise to 27 million Americans who are not going to be much convinced when we go back in two years and say, sorry the unelected parliamentarian told us we couldn’t raise the minimum wage.”

Fortunately, however, there is at least one Republican Senator who would not go along with the rule changes for elimination of the filibuster is not likely.

Unfortunately, that will not end the matter. Bernie Sanders answered the Progressive’s call.  

Bernie Sanders Answers the Call

Vermont Senator Bernie Sanders, the progressive independent who is chair of the Budget Committee, proposed an amendment to the virus-relief bill that would take tax deductions away from large corporations that don’t pay workers at least $15 an hour. That would provide incentives to pay workers a higher wage, and the fiscal nature of the policy would be more likely to pass parliamentarian muster. Senate Finance Chair Ron Wyden also backed using the tax code.

A senior Democratic aide said Senate Majority Leader Chuck Schumer is considering whether to add an amendment to the stimulus that would penalize large corporations that don’t pay workers at least a $15 hourly wage.

Twist Number Three

Two Democratic senators, Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, have said they don’t support raising the federal minimum wage to $15 per hour.

That we knew in advance. 

On February 4, I commented Biden’s Push for a $15 Minimum Wage Appears Dead.

It Only Takes One

Given the 50-50 split in the Senate, it only takes one Democrat defection to kill any piece of legislation if no Republicans play ball.

Possible Defections

There are three Democrat Senators in the pool of potential defectors.

  1. Joe Manchin, Wet Virginia
  2. Kyrsten Sinema, Arizona
  3. Jon Tester, Montana

It seems we have at least two defectors even if Democrats changed the filibuster rules.

AOC Moans

“The fact that we have two people in this entire country that are holding back a complete transformation in working people’s lives, the same people who have held our country together throughout this pandemic, is wrong,” Ocasio-Cortez said.

Time Ticking

With time ticking, Democrats Scramble to Add Wage Hike Without Slowing Stimulus

Curiously, despite the fact that at least two Democrats will not go along a minimum wage hike, Senate Majority Leader Chuck Schumer is pondering Bernie’s idea.

Senate Majority Leader Chuck Schumer is considering whether to add a provision that would penalize large corporations that don’t pay workers at least a $15 hourly wage, said a senior Democratic aide. That’s the level President Joe Biden proposed to phase in as part of his Covid-19 relief program. 

The prospect of adding a tax measure presents a major complication. Democrats would need to finish writing the new language, vet it, and unite all 50 senators in their caucus behind it.

Will It Stop With Corporate Taxes?

Uh…. No

Asked about the Sanders proposal, House Financial Services Committee Chair Maxine Waters said, “I don’t know about that. I do know that a transaction tax has been talked about in financial services. So I would certainly entertain looking at something like that.”

Hawley to the Rescue?

Here is yet another strange twist. 

A Republican, Josh Hawley of Missouri proposed a similar concept Friday. He proposed requiring companies with revenues of $1 billion or more to pay their workers at least $15 an hour. The plan would require that minimum wage to be indexed to a gauge of median wages after 2025.

Some senior Democrats stopped short of endorsing the idea of a tax penalty as part of the pandemic-aid legislation when asked about it on Friday.

House Ways and Means Committee Chair Richard Neal said, “I don’t know what is going to happen in the Senate so I hesitate to comment.” He also emphasized the importance of meeting the deadline for the aid bill of March 14 — when enhanced unemployment benefits approved in December expire.

That’s one Republican but two are needed without losing someone like Democrat Jon Tester of Montana.

Where Is This Headed?

Perhaps the solution is what I suggested on February 4.


Might there be a compromise?

That’s possible. The $11 proposal of Manchin could fly or perhaps something a bit higher like the Arizona minimum wage of $12.15.

Possible Republican Defections in Smaller Hike

  • Arkansas Min Wage $11.00
  • Maine Min Wage: $12.15
  • West Virginia Min Wage: $8.75
  • Arizona Min Wage: $12.15

My guess is either $11.00 or $12.15 will fly especially if small businesses are exempt.

Bad Idea

A wage hike is a bad idea. 

Q: How is that possibly going to induce businesses hard hit by Covid to hire?
A: It won’t. It would encourage them to not hire, outsource, or use robots. 

While the House passed Biden’s bill including a wage hike yesterday morning, for reasons noted above it is Dead on Arrival in the Senate.

Tyler Durden
Sun, 02/28/2021 – 13:25

This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Bringing together a variety of news and information from some of today’s most important libertarian thought leaders. All feeds are checked and refreshed every hour and pages auto-refresh every 15 minutes. External images are deleted after 30 days.

Time since last refresh: 0 second

Publish Your Own Article

Follow The Libertarian Hub


Support Our Work

Support the Libertarian Hub by tipping with Bitcoin!

Weekly Newsletter

Newsletter Signup

Subscribe to our newsletter to receive a weekly email report of the top five most popular articles on the Libertarian Hub!

Weekly Newsletter SignupTop 5 Stories of the Week

Subscribe to our newsletter to receive a weekly email report of the top five most popular articles on the Libertarian Hub!