Minimum Wage Bill Pact Negotiated

Law360, New York (April 24, 2007, 12:00 AM EDT) -- United States congressional negotiators have finally agreed on a package of small business tax cuts worth around $7 billion over five years in a federal bill that would boost the minimum wage for the first time in ten years, but critics say Democrats have given in to pressure from large business lobbyists.

The new pact, which could be voted on in the next two days, would raise minimum hourly pay for workers from $5.15 to $7.25 an hour. Several provisions, including expanded tax breaks for businesses...
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