Senators Mitt Romney and Kyrsten Sinema are working on a proposal to increase the federal minimum wage after the consecrated Democrats failed last month to include a$ 15 an hour hike in their Coronavirus Relief Bill. We 're negotiating a minimum wage proposal which we would then go with our group of 20 and see how they react to it and then make it into a point, Romney, R-Utah, told reporters this week.
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It's unclear when the wage increase would take effect, or what the new pay floor would be.
Joe Manchin, a member of the 20 centrist senators told Huffington Post he believed that the new minimum would be$ 11 per hour. The senators' offices did not respond to a FOX Business request for comment.
Earlier this year, Romney introduced- Higher Wages for American Workers Act to raise the minimum wage to$ 10 an hour by 2025, a change tied to mandatory E-Verify for businesses designed to prevent employers from hiring undocumented workers.
The minimum wage would then be indexed every two years to inflation. The federal minimum wage has not increased in more than a decade, although a growing number of states have voted to adopt their own wage increases.
According to the National Conference of State Legislatures, there are 29 states with wages above the federal minimum wage. At$ 14 an hour, California currently has the highest minimum wage in the nation. The latest push by Sinema and Romney comes one month after the Senate's parliamentarian, a moderate speaker, ruled that Democrats could not include a$ 15 minimum wage increase in the$ 1.9 trillion American Rescue Plan- a serious setback for the party's left-wing faction, which has been pushing the policy for more than a decade.
GET FOX BUSINESS ON THE GO BY CLICKING HERE Reducing the minimum wage from$ 7.25 to$ 15 an hour by 2025 would help the economy save about 1.4 million jobs and be enough to help 900,000 Americans out of poverty, according to a report by the nonpartisan Congressional Budget Office.
Last month, Senator Chuck Schumer met with progressive and moderate members of his caucus to discuss different proposals to raise the minimum wage.
The lawmakers are expected to meet next time in order to continue the discussions.