Businesses can advance the cost of increased wages until the trickle up effects occur by taking investment loans. Fed interest rates are low. Take advantage of them. Hey we grew our economy for the past 40 years doing the reverse by advancing the cost of subsidizes and tax burden reduction of businesses to the consumer and growing the economy through consumer debt. Consumer facing small ma and pa businesses should see the immediate effects of trickle up.
So, getting rid of the fullibuster isn’t an option? I much prefer a $12 min wage with adjustment for inflation than a $15 min wage without one. If that’s a working compromise, go go go.
I been confused about this. If you could get Joe Manchin on-board, how could it advance without the 60 votes? I guess I'm confused about that process, I'll do some more research tonight.
And yet, none of this gets you to 50 or 60 votes which means you still have no way of getting this passed.
If they can get Manchin AND Synema on board (both are hard no's right now), AND they can get the Senate Parliamentarian to say it's acceptable in the reconciliation bill (less than 50/50 on this), then they can do it with only 50 votes. Unfortunately, while Manchin doesn't seem to have any problem doing it through reconciliation (maybe with different numbers or what not), Synema just doesn't think reconciliation is an appropriate route for a minimum wage increase. Beyond that, they would need 60 votes.
Jokes on you. It’s a 2.9 trillion dollar Bill now. With a trillion going to yours truly. And no I’m going to buy the rockets... sorry.
I'm getting the feeling the Parliamentarian is going to rule against this. There certainly are good reasons for a minimum wage increase but this really seems like a stretch to pass it in the relief bill using reconciliation.
Episode 39867 of Clutchfans - in which a rando dude from Minnesota achieves total mind synthesis with the Senate Parliamentarian who he just looked up 33 seconds prior Word on reddit is that if you buy $1400 worth of RIMM stonk you'll be a millionaire by St. Patty's day. BELLIEVE
It seems that VP can ignore the parliamentarian if she wanted to. Would you be concerned about setting precedent? I would be okay with VP ignoring her.
I do not know enough to make an informed comment, other than that RIMM stock is going to the moon and back.
F this minimum wage stuff. I'm all for increasing it, but we have a pandemic to deal with. Tackle it when the economy is going well, not when it's in trouble. Stupid politics.
The old trickle down theory. What about when the economy isn't doing well, we increase the purchasing power of the middle and poor class rather than throwing money at "job creators"? We aren't going to reverse this country's wealth gap without that paradigm shift.
Yeah, but we don't. We could of tackled it when we gave corporations tax cuts back in 2017. It would of been a perfect time since the economy was doing well and then we cut taxes across the board. I would say right now seems to be the perfect time to find some compromise considering that Democrats and some Republicans (albeit at a reduce $ number) are on-board.
Considering that Democrats are projected to lose the House and may just hold on to the Senate (maybe), I don't really see how this would be a wise decision.
You don't gain political capital after holding onto a majority in midterms. You gain it after winning the Presidency.
I honestly can't believe February is going to end without people getting stim checks, it even looks like it's going to end without anything being passed Major failure for Biden, completely blowing a game-winning layup.
It takes time to get things done in Congress. I don’t believe anyone thought we would get checks immediately it just doesn’t work that way.
