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New Poll Shows Most Americans Support Higher Minimum Wage

July 24, 2013 Common Cents

A new poll released today finds that 80 percent of Americans – including 62 percent of Republicans and 80 percent of Independents – support raising the minimum wage to $10.10 per hour and indexing it to the cost of living.

The poll also found that 74 percent of Americans consider raising the minimum wage to be an important legislative priority for Congress over the next year.

The poll was commissioned by the National Employment Law Project Action Fund and conducted by Hart Research Associates from July 15-17. Top-line results of poll are available here.

The polling was performed in connection with The Fair Minimum Wage Act of 2013, now before Congress. The bill would raise the federal minimum wage from the current rate of $7.25 to $10.10 per hour by 2015. It also provides for annual increases in future years to keep pace with the rising cost of living.

The legislation would help tipped workers as well, increasing a minimum wage that’s been  frozen at $2.13 per hour since 1991 to 70 percent of the full minimum wage.

Raising the minimum wage is expected to boost pay for more than 30 million low-wage workers, including those in New Hampshire. Another 15 million children are expected to benefit as minimum-wage-earning parents add to their family income.

According to an analysis by the nonpartisan Economic Policy Institute, 88 percent of these workers are adults over the age of 20. The vast majority – 85 percent – work more than 20 hours per week and 43 percent have at least some college education.

The Economic Policy Institute analysis also estimates that raising the minimum wage to $10.10 would generate more than $32 billion in new economic activity, supporting the creation of 140,000 new full-time jobs as local businesses expand to meet increased demand driven by worker spending.

 

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Revenue Loss from Business Tax Cuts Will Benefit Select Set of Companies

22 Jun 2015

tree with coins

The version of the FY 2016-2017 budget that both the House of Representatives and the Senate will consider on Wednesday includes significant reductions in the rates of New Hampshire’s twin business taxes: the business profits tax (BPT) and the business enterprise tax (BET). While policymakers should be concerned about the impact that such changes would have on New Hampshire’s ability to fund vital public services both now and in the future, questions should also be asked about which businesses would stand to gain from lower BPT and BET rates.