Friday, July 6, 2007

New Minimum Wage

H.R. 2

SEC. 101. MINIMUM WAGE.

(a) In General- Section 6(a)(1) of the Fair Labor Standards Act of 1938 (29 U.S.C. 206(a)(1)) is amended to read as follows:
`(1) except as otherwise provided in this section, not less than--
`(A) $5.85 an hour, beginning on the 60th day after the date of enactment of the Fair Minimum Wage Act of 2007;
`(B) $6.55 an hour, beginning 12 months after that 60th day; and
`(C) $7.25 an hour, beginning 24 months after that 60th day;'.
(b) Effective Date- The amendment made by subsection (a) shall take effect 60 days after the date of enactment of this Act.

Another Words
July 24th 2007 the minimum wage goes to $5.85
On July 24th, 2008 $6.55
On July 24th, 2009 $7.25


Nice way to raise taxes without raising taxes

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