Bloomberg Tax
March 1, 2021, 2:50 AM

Democrats Shelve Tax Penalty Aimed at Raising Minimum Wage (1)

Steven T. Dennis
Steven T. Dennis
Bloomberg News

Senate Democrats are shelving an effort to raise minimum wages for workers as part of the $1.9 trillion virus relief package that passed the House on Saturday, according to two people familiar with the matter.

The plan included tax penalties on big companies that pay low wages along with incentives for smaller companies. It had been floated by Senate Finance Chairman Ron Wyden and Budget Chairman Bernie Sanders after the Senate parliamentarian ruled Thursday that raising the federal minimum wage to $15 an hour failed to qualify under fast-track budget rules that Democrats are using to pass the stimulus bill ...

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