Vote delays minimum wage increase, tax cuts

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In a vote of 223-203, House Democrats failed to override President Bush's veto of the Iraq spending bill on Oct. 24. The bill included a federal minimum wage increase and $4.8 billion in tax cuts for small businesses.

Bush vetoed the bill because it tied military funding to dates when U.S. troops would withdraw from Iraq, which he said would cause the terrorists to "mark their calendars and gather their strength." However, he reportedly has said he supports the minimum wage increase and tax cuts; he has met with leaders from both parties to discuss a second spending bill, which is expected to include these measures and be approved within the next few weeks. The measures also could be resent as a standalone bill or attached to different legislation.

The wage and tax measures would include a federal minimum wage increase from $5.15 to $7.25 during the next two years offset by small-business tax relief during the next 10 years.

10/29/2007

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