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HOUSE PASSES THEIR MINIMUM WAGE TAX RIDERS

February 19, 2007

The House of Representatives has passed its minimum wage bill with a set of tax provisions that differs from that passed by the Senate. The differences have to be worked out in conference.

The tax provisions are designed to compensate businesses for the higher minimum wage. The Tax Policy Blog says the tax provisions show that two wrongs don't make a right:

As we said in an earlier blog post, if Congress wants to compensate those harmed by minimum wage laws, they would be better off giving every American a $20 gift certificate to his/her favorite restaurant rather than trying to pass certain tax provisions targeted to various types of company behavior.

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