Key Senators Float Corporate Tax to Enable Minimum-Wage Hike
- Tax on big companies could be last-minute add to stimulus bill
- Democrats regroup after setback on $15 minimum wage ruling
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Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour, as part of a new strategy to include President Joe Biden’s push to boost the minimum wage to that level in his Covid-19 aid bill.
Senate Budget Committee Chairman Bernie Sanders and Senate Finance Committee Chair Ron Wyden said Thursday evening they were considering the strategy after prospects for making a wage increase part of the relief package were dealt a severe blow.