Friday, December 17, 2010

The fair minimum wage Act

Congress passed a bill pay minimum fair (h.r. 2) in 2007 as a means to amend the Fair Labor Standards Act of 1938. Act hour.President never practice w. George Bush increases in three steps over federal minimum wage 26 months from $5.15 to $7.25 signed, but he signed force willingness into law as a driver for the resumption of Katrina United States Veterans care and Iraq of accountability appropriations Act.The Act had no impact on the States that already had minimum wages or more $7.25. There are 22 countries on the stress increase minimum wage legislation, which revenue for a total of approximately $14.8 million workers. WagesSixty signed days after Bush only law on minimum wage, it increases the minimum wage from $5.15 to $5.85 an hour. The pay rates and increased from $6.55 a year after the first whip. A final $7.25 per hour.The one year after the second increase minimum wage act outside the continental in Commonwealth which was extended Northern Mariana Islands rise. It first $3.55 minimum wage hour trigger, with a further 50 cent added every six months the U.S.IncentivesBush have been signed to help absorb the cost of increased pay the minimum wage only received small business tax and legal exceptions to the minimum wage equal to those. The incentives include a repeal of the estate tax repeal the alternative minimum tax and also eligibility increased measures aimed at promoting the expensing Navigator.der Act veterans.TipsThe tax credits for small business fair minimum law retained to pay minimum wage restaurant servers and others. The Fair Labor Standards Act keeps mindestens2. 13 salary $ per hour, according to the Congressional Budget Office estimated that the fair minimum wage act not many föderalen affect budget 2007 Labor.CostsThe would Department. But the Bureau considers States could $ 66 million exceeding threshold by unfunded mandates Reform Act and exceed the private sector at national would your threshold from $131 million.JobsBruce Josten, one was a Vice President of the Chamber of Commerce of the United States of Reuters said raise could ultimately affect jobs. "" This law fully take account of this fact and therefore small businesses can be forced to eliminate jobs, reduce the hours and cut benefits for employees ", he said report.Government CNN Argued in a group of watchdog 2007 with States which have already had at A least minimum wage to $7.25 per hour there were no job losses due to the evidence."

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