Reality Check: Minimum wage hike - KLTV.com - Tyler, Longview, Jacksonville |ETX News

Reality Check: Minimum wage hike

(FOX19) -

The minimum wage continues to be one of the most hotly debated topics of the new year.

President Obama and Congressional democrats want to raise the minimum wage to $10.10 an hour by 2016. Speaker of the House John Boehner and the GOP maintain that the hike would be a jobs killer.

Democrats can cite various reports from well respected economists that find no negative impact on jobs, including those released by The Center on Budget and Policy Priorities, The Economic Policy Institute, and The Center for Economic and Policy Research.

Meanwhile, republicans can turn to a number of reports that back their claim, including those from The Heritage Foundation, The American Legislative Exchange Council and the American Enterprise Institute. However, if you take a closer look at these organizations you can't help but notice that the groups that are critical of raising the minimum wage are all decidedly conservative -- while those predicting no negative impact lean to the left.

On Tuesday, the non-partisan Congressional Budget Office released its own study on the impact of raising the minimum wage. Unfortunately, the report did little to settle the argument.

Democrats were quick to point to the report's findings that 16.5 million people would see more money in their paychecks, while republicans were just as eager to point to the 500-thousand jobs the CBO says will be lost as a result of the hike.

A Congressional vote is expected sometime in the next month, but the bottom line is this: The minimum wage remains an issue firmly divided along party lines, and isn't likely to go up anytime soon.

Sources:

http://www.cbpp.org/

http://www.epi.org/

http://www.cepr.net/

http://www.heritage.org/

http://www.alec.org/

http://www.aei.org/

http://www.cbo.gov/publication/44995?utm_source=feedblitz&utm_medium=FeedBlitzEmail&utm_content=812526&utm_campaign=0

http://politicsunspun.com/?page_id=79

Copyright 2014 WXIX. All rights reserved

  • NewsMore>>

  • BREAKING

    18-wheeler, car wreck blocks Hwy 64 in Ben Wheeler

    18-wheeler, car wreck blocks Hwy 64 in Ben Wheeler

    Wednesday, November 22 2017 9:09 AM EST2017-11-22 14:09:07 GMT
    (Source: KLTV viewer)(Source: KLTV viewer)

    A wreck involving an 18-wheeler and a passenger vehicle is blocking a major East Texas highway Wednesday morning.

    More >>

    A wreck involving an 18-wheeler and a passenger vehicle is blocking a major East Texas highway Wednesday morning.

    More >>
  • Another team in Gilmer deserves attention, Union Hill is on a roll

    Another team in Gilmer deserves attention, Union Hill is on a roll

    Tuesday, November 21 2017 10:35 PM EST2017-11-22 03:35:41 GMT
    Union Hill captured its first undefeated regular season since 1982.Union Hill captured its first undefeated regular season since 1982.

    When the town of Gilmer is mentioned in relation to sports, the Buckeyes powerhouse football program immediately comes to mind. And that's fair considering they have won three state titles and racked up 13 double digit win seasons since 2000. But a small 1A school about nine miles away deserves some attention these days as well.

    More >>

    When the town of Gilmer is mentioned in relation to sports, the Buckeyes powerhouse football program immediately comes to mind. And that's fair considering they have won three state titles and racked up 13 double digit win seasons since 2000. But a small 1A school about nine miles away deserves some attention these days as well.

    More >>
  • Elkhart native Jeffrey Wilson out at least next two games, possibly done for year

    Elkhart native Jeffrey Wilson out at least next two games, possibly done for year

    Tuesday, November 21 2017 10:23 PM EST2017-11-22 03:23:47 GMT
    Wilson celebrates after scoring a touchdown.Wilson celebrates after scoring a touchdown.

    In other college football news, Elkhart native and North Texas running back Jeffrey Wilson scored two touchdowns and had over 70 rushing yards in UNT's win over Army on Saturday. The East Texan's senior campaign though is likely over. Wilson suffered an ankle injury in the victory and will not play against Rice or in next week's Conference USA championship game.

    More >>

    In other college football news, Elkhart native and North Texas running back Jeffrey Wilson scored two touchdowns and had over 70 rushing yards in UNT's win over Army on Saturday. The East Texan's senior campaign though is likely over. Wilson suffered an ankle injury in the victory and will not play against Rice or in next week's Conference USA championship game.

    More >>
Powered by Frankly