it is fascinating, the gentleman from Missouri was not here 2 years ago asking to help the working poor with an increase in the minimum wage, because he had the House controlled by Democrats, the Senate controlled by Democrats, and the White House. They were not concerned about them then. Let me tell you what the Wall Street Journal Review and Outlook call them in 1996. Remember when Bill Clinton claimed he was a new Democrat precisely because he did not favor a higher minimum wage? Time Magazine, by Michael Kramer, from an earlier speech by Bill Clinton: ``It''--raising the minimum wage--``is the wrong way to raise incomes of low-wage earners.'' I think the President was right then. I think he is right now. The increase in the minimum wage by the President's own chief economist will cost low-income earners 100,000 jobs. That is not the way to raise the income of workers. Cutting taxes is.
JOHN LINDER: “it is fascinating, the gentleman from Missouri was not here 2 years ago asking to help the working poor with an increase…”
Editor's note · Context
Discussing the implications of raising the minimum wage during a debate on economic policy.
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