Club for Growth opposes the Raise the Wage Act and urges all Representatives to vote NO on the bill. A vote on the bill is expected soon in the House of Representatives. The results of the vote will be included in the Club for Growth Foundation’s 2019 Congressional Scorecard.
The Raise the Wage Act would increase the federal minimum wage to $15 per hour by the year 2025. According to CBO, the legislation would cause between 1.3 million and 3.7 million jobs to be destroyed. CBO also says the bill would reduce business income, increase labor costs, and decrease real family income.
When the federal government mandates wage increases on businesses, many employers will make employment cuts, resulting in even more Americans becoming dependent upon the federal government.
Club for Growth believes a better way to raise wages for American workers is for Congress to reduce taxation and reduce regulation on American businesses. Businesses will respond to deregulation and lower taxation with more innovation, risk-taking and entrepreneurship that will lead to new job creation, more self-sufficiency, and increased prosperity for the American people.
Club for Growth Foundation’s Congressional Scorecard for the 116th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to the public.