|
2024-03-01 Government Corruption
|
|
New $20 minimum wage law in California set to take effect, but people notice an ‘obscure' exemption
|
 ![]() [American Thinker] Talk about fortuitous! In a strange turn of events, one of Gavin Newsom’s biggest donors hits the jackpot, and when the state-mandated $20 minimum wage for certain fast-food workers takes effect in April, this lucky duck employer won’t be subject to complying with the increase, thanks to an "obscure" exemption in the statute.
Here’s the story, from Fox News yesterday:
A major donor to Democratic California Gov. Gavin Newsom is expected to reap the benefit of an obscure exemption to the state’s new $20 minimum wage regulations for the fast food industry that will allow some of his restaurants to continue paying lower wages.
Here’s how the report from Bloomberg framed the issue:
The governor pushed for a carve-out that’s perplexed industry observers and benefited a donor.
Greg Flynn is a billionaire, one of Newsom’s (and other Democrats’) most loyal and longtime benefactors, and according to Bloomberg, "the largest restaurant franchisee in the US, if not the world." Flynn’s fast-food portfolio includes establishments like Taco Bell, Wendy’s, and Pizza Hut... but his California fast-food portfolio is limited to one brand: Panera Bread.
And, surprise surprise, the new law’s "obscure exemption" seems only applicable to... Panera Bread. As the Fox report states:
Newsom pushed for the exemption, which allows restaurants baking and selling bread as a standalone item to continue paying the current rate of $16 to its employees. That means billionaire Greg Flynn, a longtime donor to the governor, could save hundreds of thousands of dollars a year per each of his two-dozen Panera Bread franchise locations across California....
Interesting. What happened to all of Newsom’s "fair share" talk?
Flynn and Newsome go way back; from Bloomberg:
Flynn attended the same high school as Newsom in the suburbs outside San Francisco.
Over the years, Flynn’s donations to Newsom’s political campaigns have included $100,000 to fight off a conservative-led recall effort and $64,800 to support the governor’s reelection in 2022. Flynn has been known to tout his relationship with Newsom, according to people familiar with the matter, with one saying the fast-food entrepreneur has said he can reach the governor via text.
A business connection goes back to 2014, when Flynn acquired a Napa Valley resort managed by Newsom’s hospitality company. Newsom, who was then serving as California’s lieutenant governor, reported an undisclosed amount of income from Flynn’s company that year.
(Oh, and apparently all of Newsom’s assets were placed into a blind trust in 2018 when he won the gubernatorial race—so not a lot of financial transparency there either.) 
|
Posted by Besoeker 2024-03-01 04:06||
||
Front Page|| [11130 views ]
Top
|
|
Posted by NN2N1 2024-03-01 06:20||
2024-03-01 06:20||
Front Page
Top
|
|
Posted by Skidmark 2024-03-01 07:09||
2024-03-01 07:09||
Front Page
Top
|
|
Posted by Procopius2k 2024-03-01 07:15||
2024-03-01 07:15||
Front Page
Top
|
|
Posted by irish rage boy 2024-03-01 09:20||
2024-03-01 09:20||
Front Page
Top
|
|
Posted by Rex Mundi 2024-03-01 09:37||
2024-03-01 09:37||
Front Page
Top
|
|
Posted by swksvolFF 2024-03-01 12:52||
2024-03-01 12:52||
Front Page
Top
|
|
Posted by Besoeker 2024-03-01 12:57||
2024-03-01 12:57||
Front Page
Top
|
|
09:43 Mullah Richard
09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker
|
