KO Bad Wage Tax Credit
As reported by the Daily News:
ALBANY — A Queens state Senator has introduced a bill to repeal a controversial tax credit given to businesses that employ teenage minimum-wage workers.
Sen. Jose Peralta, a Democrat, said the credit encourages businesses, including national chains like Walmart, to shed older workers. He believes it also discourages employers from raising wages above the state minimum. “This tax credit is a really bad idea,” Peralta told the Daily News. “It just sends the wrong message.”
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