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Minimum Wage Hike Could Save 46 BILLION Dollars!

A minimum wage increas to $0.1o could reduce federal spending on food stamp benefits, commonly known as SNAP, by $46 billion over the next 10 years.
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...

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