Sen. Peralta Discusses Minimum Wage Tax Breaks

 

As reported by Capitol Tonight:

The ink has barely dried on the state budget, but there is already a bill to repeal a tax break included in the final agreement. The tax cut was part of the minimum wage deal, and it would give a tax credit to any business that hires workers between the ages of 16 and 19. Senator Jose Peralta argues that means business will be discouraged from hiring older workers, who the Fiscal Policy Institute says currently hold about 90 percent of low-wage jobs.

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Publication date: 
Friday, April 12, 2013 - 20:52