Biden says the $ 15 minimal wage will not survive Covid’s aid talks and vows to press for a increase later
President Joe Biden will deliver a foreign policy address during a visit to the State Department in Washington on February 4, 2021.
Tom Brenner | Reuters
President Joe Biden said this weekend that a $ 15 minimum wage scheme is unlikely to be included in the next aid package for Covid-19.
Biden said his government will push for a separate bill to raise the minimum wage.
“I set it up, but I don’t think it will survive,” Biden told CBS’s Norah O’Donnell in an interview due to air in full on Sunday. “I guess it won’t be in there [the stimulus bill]. “
Democrats in Congress have decided to pass the $ 1.9 trillion stimulus package without Republican support in the Senate, following a parliamentary process known as reconciliation. House spokeswoman Nancy Pelosi, D-Calif., Said Friday that the lower chamber intends to pass the tax break package within two weeks.
The budget resolution instructs the committees to pass legislation mirroring Biden’s Covid bailout package while falling below the $ 1.9 trillion target. Democrats plan to add provisions like $ 1,400 direct payments, $ 400 weekly unemployment benefit through September, $ 350 billion for state, local, and tribal governments, a national Covid immunization program of $ 20 billion, and $ 50 billion Adopt dollars for virus testing.
The bill is also likely to include $ 170 billion for K-12 schools and colleges, and $ 30 billion for rent and utility support.
Republicans are refusing to include a wage increase in Covid-19’s bailout package to warn that it could put an extra strain on companies already grappling with the economic fallout from the pandemic. And West Virginia Democratic Senator Joe Manchin is also against the wage increase, which means that even with a simple majority under reconciliation, Democrats would not have the votes to pass it.
While Biden said the $ 15 hourly wage regulation is unlikely to be included in the Covid relief bill, he vowed to prioritize passing the wage increase in separate legislation.
“As President of the United States, I am prepared for a separate minimum wage negotiation to work my way up from what it is now,” said Biden. “Nobody should work 40 hours a week living before poverty wages, and you make less than $ 15 an hour, you are living below poverty wages.”
Subscribe to CNBC PRO for exclusive insights and analysis as well as live business day programs from around the world.