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Public Statements

Fair Minimum Wage Act of 2007

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Date:
Location: Washington, DC


FAIR MINIMUM WAGE ACT OF 2007 -- (House of Representatives - January 10, 2007)

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Mrs. BLACKBURN. Mr. Speaker, you know, this is such an interesting debate that we come here to have on the minimum wage issues. All of our economic issues debates end up being such interesting debates, and I always love it when I hear the statements made that this is wrong and that is wrong, and our focus becomes, let us go to the government and expect the government to fix it.

Mr. Speaker, you know, we know that just is not so. I have found it so interesting that you would hear from people that it appears that the Republicans never raise the minimum wage. What about 1994? What about 1997?

Then we hear all of this about explosive costs. But what we are not hearing is that per capita disposable income has risen 9.2 percent in real dollars since 2001.

All the millions of jobs that have been created, nearly 7 million since 2003 alone. The reason this happens is because of good economic policy, because of good tax policy, because in leaving more money with the individuals that earn it and not doing things that are going to harm small business, as the gentleman from Ohio said, most of our Nation's jobs are created through small businesses.

We know from the Congressional Budget Office, the CBO, they estimate that a minimum wage increase without considerations for small businesses and their workers would impose a 5 to $7 billion unfunded mandate on small businesses.

Now, I ask my colleagues from across the aisle, are they willing to stand up today and pass an unfunded mandate, a 5 to $7 billion unfunded mandate on our Nation's small businesses? We know, raising the minimum wage will reduce employment, and I encourage my colleagues to oppose the Democratic bill.

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