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Will the Minimum Wage Change?

Posted 4:33 AM by

President Obama recently called for the hourly minimum wage to increase from $7.25 to $9. Although Congress has acknowledged the need to review this issue, they have yet to hold a hearing this year to discuss it. And due to other pressing matters – immigration reform, the farm bill and the continuing budget resolution – a vote on minimum wage will likely not happen in the near future.   

However, the recent protests by fast food workers, which made national headlines, could pressure Congress into acting sooner rather than later. Learn more about the minimum wage issue.

About the Author
Jim White is a member of Katz, Sapper & Miller’s Restaurant Services Group. Jim guides restaurant owner-operators through tax compliance issues and helps them plan strategies to minimize tax liabilities and maximize savings. Connect with him on LinkedIn.

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