The Republicans are pushing a tax bill that drew a veto message by president Clinton. It is a $245 billion tax package that would tax labor. The bill was approved by the House by a vote of 237 to 174, but the Senate will not vote on the bill until Friday. The tax bill also contains a $1 boost in the federal minimum wage over the next two years, which would raise the wage floor to $6.15 an hour. The …showed first 75 words of 423 total…

…showed last 75 words of 423 total…keep the loss of surplus to a minimum, due to the labors supply being so inelastic. This tax will increase the tax revenue dramatically while leaving a relatively small loss in surplus. Overall it is a good thing to tax. The provision about minimum wage might be the only hindrance to this bill. If the republicans want to get this bill through then they might have to make some changes in this area. ------------------------------------------------------------------------ **Bibliography**