Mike Pence Once Thought $7.25 Minimum Wage Too High
As governor of Indiana, he also worked to block wage increases. 07/16/2016 Indiana Gov. Mike Pence (R) [ http://www.huffingtonpost.com/news/mike-pence/ ], Donald Trump [ http://www.huffingtonpost.com/news/donald-trump/ ]’s vice presidential pick, opposed a successful effort in 2007 to raise the federal minimum wage to $7.25 an hour over two years. Pence, then a congressman, took to the House floor to explain why he opposed raising the minimum wage, which was then $5.15 an hour. “A 41 percent increase in the minimum wage that is brought into the well of Congress without providing any relief to small business owners and family farmers is irresponsible and unwise,” he said. “It will harm both the wage payer and the wage earner. An excessive increase in the minimum wage will hurt the working poor.” [...] http://www.huffingtonpost.com/entry/mike-pence-minimum-wage_us_578a8c22e4b0867123e190fd [with comments], http://www.youtube.com/watch?v=2SpTnZ-gdrA [embedded; with comments]
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.