Retail Industry
Industry: Email Alert RSS FeedSenate rejects minimum-wage increase.(INDUSTRY NEWS)(Brief Article)
Tobacco Retailer, April, 2005
On March 7, the U.S. Senate voted down two amendments that would have increased the federal minimum wage as part of the bankruptcy overhaul bill (S. 256). Congress has not raised the minimum wage since 1996.
Sen. Ted Kennedy, D-Mass., offered an amendment that would have hiked the minimum wage from the current $5.15 to $7.25 over a 26-month period. The measure failed by a vote of 49-46, with 60 votes needed for the amendment to pass.
As an alternative to Kennedy's amendment, the Senate also rejected a measure offered by Republican conference chair Rick Santorum, R-Pa., by a vote of 61-38. The amendment would have raised the federal minimum wage from $5.15 to $6.25 per hour over 18 months and was coupled with small business regulatory, labor law and...
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