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Senior Democrats are abandoning their backdoor $15 minimum wage proposal, leaving a wage hike in doubt as they scramble to enact a $1.9 trillion stimulus plan within two weeks.
Sens. Bernie Sanders (I-Vermont) and Ron Wyden (D-Oregon) were in the midst of drafting a plan to levy a 5% tax on the payrolls of large corporations that don’t compensate workers below an unspecified wage. It would be paired with tax credits to incentivize small businesses to raise their employees’ wages.
The senators ditched their proposal. According to a person familiar with the decision, finalizing details ⇒
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