This afternoon the U.S. Senate passed The Fair Minimum Wage Act of 2007 by a vote of 94 - 3. This legislation would increase the federal minimum wage from the current $5.15 per hour to $7.25 per hour in three steps over two years. This legislation also includes additional provisions including tax benefits for small businesses. This bill will now be need to be reconciled with a different minimum wage bill that the U.S. House of Representatives passed in January.
Learn more:
- Information on minimum wage bill passed by the U.S. Senate
- Information on minimum wage bill passed by the U.S. House of Representatives
- From FindLaw: Minimum Wage and Overtime Basics
- From FindLaw: State Minimum Wage Laws
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