Bush says backs minimum wage raise with tax relief

Quote:WASHINGTON (Reuters) - President George W. Bush said on Wednesday that he supports a Democratic proposal to increase the U.S. minimum wage but said it should be coupled with tax and regulatory relief for small businesses.

"I believe we should do it in a way that does not punish the millions of small businesses that are creating most of the new jobs in our country," Bush told a news conference. "So, I support pairing it with targeted tax and regulatory relief to help these small businesses stay competitive and to help keep our economy growing."

Democrats, who took control of Congress in November elections, have said they will push to raise the minimum wage over two years to $7.25 per hour from $5.15 per hour.

OK, I can't wait for the next election.

Let's see, the American Dollar is tanking, and we want to increase the minimum wage which will more than likely increase inflation. Ughhh, can you say the end of the last superpower.

7.25?!?!?!?

Wow, that's phenomenally stupid.

Sounds like a fair compromise.