White House Is Hesitant on Proposed Tax Penalty: Stimulus Update
- Check here for updates on Biden’s proposed $1.9 trillion plan
- Wrangling over minimum wage complicates outlook in Senate
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The White House has declined to take a position on new proposals to impose a penalty on big U.S. companies as a way to push through a minimum-wage increase. The initiative put forward by two Senate committee chairs threatens to complicate passage of President Joe Biden’s $1.9 trillion pandemic-relief bill.
Senate Majority Leader Chuck Schumer is weighing adding a provision to the relief bill that would put a penalty tax on big companies that don’t pay workers at least $15 an hour, a Democratic aide said on condition of anonymity.