Home » today » World » The U.S. Democratic Party’s hourly wage increase policy hits a wall! The progress of the US$1.9 trillion bailout may be cut back | Anue Ju Heng-US Stocks

The U.S. Democratic Party’s hourly wage increase policy hits a wall! The progress of the US$1.9 trillion bailout may be cut back | Anue Ju Heng-US Stocks

The senator ruled on Thursday (25th) that under the settlement process, the Democratic Party shall not include the policy of increasing the hourly wage by 1.9 trillion.USDThe bailout plan means that if the Democrats want to pass a salary adjustment policy, they may have to face opposition from the Republicans.

According to a CNBC report on Thursday (25th), nonpartisan Senator Elizabeth MacDonough ruled that lawmakers cannot include the hourly wage increase policy into the budget.

As a result, the Democratic Party originally planned to pass a large-scale bailout and increase the hourly wage through the settlement process, which may be a nail in the wall. Now it needs to adopt the traditional bipartisan voting method to pass. This also means that the Senate may pass a different version of the bailout bill from the House of Representatives, and the bailout plan must be approved again.

US President Biden, Senate Majority Leader Chuck Schumer and Senate Budget Committee Chairman Bernie Sanders all came forward on Thursday and expressed disappointment with the result. Schumer will not give up the plan to raise the minimum hourly wage, claiming that this is the right that the American people deserve.

However, many Republican congressmen also questioned whether this policy will hinder the survival of small businesses in parts of the United States. The Republican Party believes that the minimum hourly wage should be raised to 10 USDThat is, enterprises must also be restricted from hiring undocumented immigrants.

The minimum hourly wage increase policy is planned to increase the federal minimum wage from 7.25 by 2025. USDIncrease to 15 USDThe U.S. Congressional Budget Office (CBO) estimated this month that this policy will allow as many as 27 million people to raise their salaries and 900,000 people out of poverty, but it will reduce 1.4 million job opportunities.


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