Source: David Lerman, ROLL CALL, 2/8/21


A Democratic plan to more than double the federal minimum wage over five years would increase federal deficits by $54 billion over a decade, the Congressional Budget Office said Monday. Offering an updated and more detailed estimate than its 2019 assessment of similar legislation, the nonpartisan budget agency said the wage boost would lift about 900,000 workers out of poverty but make another 1.4 million workers jobless. And about 27 million workers overall would get a pay boost.

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