July 28, 2006

House Rushes To Pass Minimum Wage...Estate/Death Tax Relief

Following a 45-minute long members only meeting, the House Republican Conference has produced a catch-all minimum-wage/estate/death tax/'03 tax cut extender bill.

The minimum wage would be extended to $7.25 by June 1 of 2009.

The bill doesn't contain the sweetener for business -- association health plans.

It does include a tipped wage provision that allows some employers to apply tips to the higher wage due employees.

The exclusion for estates, btw, is $5M.

They're debating it tonight and maybe into tomorrow, along with that big pension reform bill we try to follow.

Posted at 05:54 PM

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