Raising the minimum wage from $7.25 to $10.10 an hour would reduce federal food stamp spending by $4.6 billion a year, according to a report to be released Wednesday by the liberal-leaning Center for American Progress.
The proposal, a top legislative priority for President Obama and congressional Democrats, would reduce enrollment in the food stamp program by as much as 9.2 percent, the report said.
A report last month from the nonpartisan Congressional Budget Office said about 15 percent of the nation’s workforce would see wages rise under Obama’s plan to raise the minimum wage, adding that the increase would lift 900,000 people out of poverty.
https://www.washingtonpost.com/busi...0e4bfa-a3db-11e3-a5fa-55f0c77bf39c_story.html
Report: Minimum wage hike would cut food stamp spending by $4.6 billion a year
Discussion in 'Political Debate & Discussion' started by Crabtownboy, Apr 5, 2016.
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Crabtownboy Well-Known MemberSite Supporter
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Is there a more up to date article, that one is over two years old and the data has changed since.
On the federal level, it's not going to happen with this Congress. My old state (CA) has just hiked it up to $15/hour staggered, just wait and see the effects there. If this causes job losses, I don't see how it will reduce food stamp usage, ought to increase instead. There, it's projected to cost taxpayers more because of the higher pay to state government employees, and there's a slew of them down there. -
stevewm1963 MemberSite Supporter
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Crabtownboy Well-Known MemberSite Supporter
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This whole thing is based on an ideal that is not supported by a sinful human nature. -
stevewm1963 MemberSite Supporter
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church mouse guy Well-Known MemberSite Supporter
I am worth $100 per hour but the Democrats only want to pay me $15 per hour. Wouldn't the real answer be just to raise taxes on everyone and use the Rico laws to put climate change deniers in prison? And honeymooners should go to Moscow or maybe Pyongyang as the most romantic destinations. Clearly California with their new $15 per hour minimum wage should now see an influx of millions of people looking for more money. Do you hear that Saint Louis, Detroit, Chicago, Gary, Indianapolis, Cincinnati, Newark, Cleveland--Go to California!