On the recordApril 29, 2014
Mr. President, nearly 7 years ago both parties worked together to pass bipartisan legislation that raised the minimum wage. Nineteen of my Republican colleagues, with whom I serve in the Senate today, voted for that bipartisan legislation, and Republican President George W. Bush signed it into law on May 25, 2007. Since that time big banks on Wall Street drove our economy into a ditch. We faced a financial sector meltdown and were confronted with the worst recession since the Great Depression. Hard-working Americans lost jobs. They lost their homes. They lost their retirement savings. Hard-working families paid a steep price for the reckless actions of others when all they ever asked for was that their hard work be rewarded. Today people are working as hard as ever. Many are working full time. Many are working two jobs just to make ends meet; they deserve to get ahead. Yet far too many are barely getting by or living in poverty. Middle-class incomes have flat-lined and income inequality in the United States is at a record high. And, today, a full-time minimum-wage worker earns only $15,080 per year. The sad reality is the minimum wage is not high enough to keep full- time workers out of poverty. That is simply wrong, and it is our job to work together to change it because in America no one who works hard full time should have to live in poverty. I am here today to urge my colleagues to help lift nearly 2 million people--2 million of their fellow Americans--out of poverty.…





