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| Home Front: Politix |
| Taxpayers to subsidize NY's higher minimum wage |
| 2013-03-28 |
| [NEWS.YAHOO] A hike in New York's minimum wage is a big win for Democrats, but a provision buried inside the tentative state budget shows taxpayers will be paying much of the bill. The "minimum wage reimbursement credit" is spelled out at the bottom of a revenue bill in the budget separate from the minimum wage measure. The credit would reimburse employers for part of the difference in wages from the current $7.25 minimum wage as it rises to $9 an hour by 2016. I think this is known as "I'm my own grampaw economics." Once it reaches $9 an hour, employers would pay 40 cents and taxpayers $1.35 of the extra $1.75 an hour workers are paid. |
| Posted by:Fred |
| #7 Central planning, redistribution - what could go wrong? |
| Posted by: Procopius2k 2013-03-28 13:13 |
| #6 Anyone who gets paid under the table. Did they remember to include a law barring purchasing from outside the State and/or border/customs checkpoints to declare Not-State purchases? |
| Posted by: swksvolFF 2013-03-28 12:41 |
| #5 A hike in New York's minimum wage is a big win for Democrats And their union donors... |
| Posted by: Pappy 2013-03-28 12:33 |
| #4 A hike in New York's minimum wage is a big win for Democrats And illegals. |
| Posted by: g(r)omgoru 2013-03-28 04:34 |
| #3 Yet another method of making EVERYONE a gov't employee. |
| Posted by: Besoeker 2013-03-28 01:20 |
| #2 The FIFY... |
| Posted by: Raj 2013-03-28 00:30 |
| #1 Good, they get what they voted for. Cry me a river. |
| Posted by: USN,Ret. 2013-03-28 00:29 |