Minimum Wage Hike Could Save 46 BILLION Dollars!

Minimum Wage Hike Could Save 46 BILLION Dollars!

Via Americans Against The Tea Party:

According to a new report released on Wednesday by the Center for American Progress, if Congress increases the federal minimum wage to $10.10 per hour and ties it to inflation, it could reduce federal spending on food stamp benefits, commonly known as SNAP, by $46 billion over the next 10 years.

The CAP report, authored by Rachel West and Michael Reich, introduced a few more data points to the familiar debate on Capitol Hill over the proposed minimum wage increase. Bills in the House and Senate would raise the minimum wage from $7.25 to $10.10 per hour by 2015 and tie it to an inflation inde...

Continue reading...


We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.