Small businesses are struggling to survive because of coronavirus restrictions.
But Democrats want to pass a law that would completely destroy them.
Millions of Americans could lose their jobs if Chuck Schumer makes this rule change.
Almost 60 percent of businesses that closed nationwide because of the coronavirus pandemic will never reopen.
Over 100,000 small businesses are permanently gone and the ones that remain are struggling.
Yet Democrats, led by Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer, are looking to place an additional burden on small businesses by increasing the federal minimum wage.
A third of small businesses anticipate laying off workers if Congress increases the federal minimum wage to $15 an hour.
The Congressional Budget Office estimated that increasing it to $15 by 2025 would cause 1.3 million Americans to lose their jobs.
Even though the Senate parliamentarian announced that the provision can’t pass under the Senate rules, Pelosi is still holding a vote on a coronavirus relief bill that includes a provision to raise the federal minimum wage.
“The ruling from the Senate parliamentarian is disappointing, because raising the minimum wage would give 27 million Americans a well-deserved raise and pull nearly one million Americans out of poverty in the middle of a once-in-a-century devastating pandemic and economic crisis,” said Pelosi in a statement Thursday evening.
“House Democrats believe that the minimum wage hike is necessary. Therefore, this provision will remain in the American Rescue Plan on the floor tomorrow. Democrats in the House are determined to pursue every possible path in the Fight For 15,” she added.
While increasing the minimum wage will help some people, it will also hurt others potentially putting over a million people out of jobs, causing the national debt to grow and increase inflation, which would make the additional wages worth less.
A far better plan that would help everyone is to work to lower the cost of living for Americans through deregulation.
Excessive zoning laws keep Americans from being able to build affordable accessory dwelling units, such as backyard cottages or garage apartments which would provide lower-cost housing options.
Restrictions in occupational licensing result in up to 2.85 million fewer jobs in the U.S., and costs consumers $203 billion.
In Louisiana, a government-issued license is required to be a florist, including an exam. The exam costs $114, and the license fee is $100.
In cases like these, the government has created artificial requirements through licensing that keep people, especially from lower incomes, from being able to take jobs which they are qualified to take.
There are real ways that the government could work to help people living in poverty. Unfortunately, the Democrats have bad solutions that will make the situation worse and cause millions of Americans to suffer.
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