House Democrats have made good on a long-time priority to raise the federal minimum wage.
The Raise the Wage Act passed Thursday would raise the federal minimum wage from $7.25 an hour to $15 an hour over six years, something House Speaker Nancy Pelosi says is long overdue.
“While families work hard to make ends meet, the cost of living has surged to unsustainable highs,” she said.
However, Rep. Kevin Brady, R-The Woodlands, argues that raising the minimum wage would kill small businesses in Texas and across the U.S.
“I know what our local businesses do,” he said. “First they cut hours. Then they cut jobs. Then they stop hiring new workers.”
The Congressional Budget Office estimates the bill will erase 3.7 million jobs, cause $53 billion in losses for small businesses and workers, and cut family income for four out of 10 minimum wage workers.”
“At the end of the day you end up hurting the very people Democrats are hoping they will help,” Brady added. “The goal shouldn't be to raise the minimum wage, it should be to get people off of it and into better paying jobs.”
The measure now heads to the Republican-led Senate where it is not expected to advance.