Democrats shelve minimum wage tax to speed work on stimulus

Senate Democrats are jettisoning a proposal to use the Tax Code to penalize corporations that don’t raise the minimum wage for their lowest-paid workers in an effort to keep President Joe Biden’s broader stimulus plan on track for quick passage, according to two people familiar with the matter.

Original Article Posted at : https://www.accountingtoday.com/articles/democrats-shelve-minimum-wage-tax-to-speed-work-on-stimulus