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Reading: Josh Hawley, Peter Welch Suggest Elevating Federal Minimal Wage To $15 By 2026, Tied To Inflation
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StockWaves > Trading > Josh Hawley, Peter Welch Suggest Elevating Federal Minimal Wage To $15 By 2026, Tied To Inflation
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Josh Hawley, Peter Welch Suggest Elevating Federal Minimal Wage To $15 By 2026, Tied To Inflation

StockWaves By StockWaves Last updated: June 11, 2025 4 Min Read
Josh Hawley, Peter Welch Suggest Elevating Federal Minimal Wage To  By 2026, Tied To Inflation
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Sen. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) have proposed laws to boost the federal minimal wage from its present charge of $7.25 to $15 per hour.

What Occurred: The Larger Wages for American Staff Act, launched by Senators Hawley and Welch on Tuesday, goals to extend the federal minimal wage to $15 per hour and tie future will increase to inflation. At present, the inflation-adjusted federal minimal wage is at its lowest stage for the reason that Forties. This proposal is a part of Hawley’s wider “Professional-Employee Framework for the 119th Congress,” which incorporates strengthening protections for union jobs and collective bargaining.

“For many years, working People have seen their wages flatline. One main offender of that is the failure of the federal minimal wage to sustain with the financial actuality dealing with hardworking People each day,” stated Senator Hawley.

If enacted this 12 months, the invoice would elevate the federal minimal wage to $15 per hour starting in January 2026, with future will increase tied to inflation.

Senator Hawley’s assist for elevating the federal minimal wage marks a break from the Republican Social gathering’s conventional opposition, reflecting a broader shift in the course of the Donald Trump period because the GOP embraces extra populist insurance policies to attraction to working-class voters.

SEE ALSO: Jeremy Siegel Backs Ted Cruz’s Plan To Finish Fed Curiosity Funds On ‘Extra Reserves,’ Doubtlessly Saving $2 Trillion In Deficits: ‘Not A Trivial Concern’

Why It Issues: This transfer follows Hawley’s earlier efforts to assist working-class People. In April 2025, Hawley proposed a considerable tax reduce aimed toward these incomes lower than $80,000 yearly. This proposal, which aimed to make commonplace revenue tax breaks refundable in opposition to payroll taxes, was touted as a possible “historic” tax discount for working households throughout the nation.

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Josh Hawley, Peter Welch Suggest Elevating Federal Minimal Wage To  By 2026, Tied To Inflation

Earlier this 12 months, he teamed up with Sen. Bernie Sanders (I-VT) to introduce laws to cap bank card rates of interest at 10%. In current weeks, Hawley has been urging his celebration in opposition to cuts to Medicaid advantages in Trump’s ‘Large, Lovely Invoice.’

The proposed minimal wage enhance is one other step in Hawley’s ongoing efforts to handle monetary hardship and excessive dwelling prices confronted by many People. Notably, In January, Scott Bessent as a Treasury Secretary nominee, had opposed elevating the minimal wage charge on a federal stage citing it as a state or regional problem.

Picture through Shutterstock

Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.

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