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House Democrats Propose $15 Billion in Relief Funding for Airlines
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House Democrats on Monday released the first draft text for key pieces of legislation that will comprise President Joe Biden’s Covid-19 relief bill.
The legislative language released by the Education and Labor Committee and Committee on Financial Services shows Democrats are forging ahead with plans to increase the federal minimum wage to $15 an hour by 2025, and have earmarked $15 billion for airline-worker payroll assistance. The Transport panel detailed further billions for airports and trains.
In all, 12 committees are meeting in the coming days to assemble the stimulus bill for a House floor vote during the week of Feb. 22. Once the bill goes to the Senate, it is designed to be passed with just 50 members plus the tie-breaking vote of Vice President Kamala Harris using a special budget fast-track procedure.
Education and Labor Chair Bobby Scott’s draft bill includes Biden’s minimum-wage proposal, which also phases out the lower wage for tipped workers. The committee, set to meet Tuesday to hold votes on the bill, estimates that 27 million workers would see a pay increase under the provision by 2025, if it passed.
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The legislative language released by the Education and Labor Committee and Committee on Financial Services shows Democrats are forging ahead with plans to increase the federal minimum wage to $15 an hour by 2025, and have earmarked $15 billion for airline-worker payroll assistance. The Transport panel detailed further billions for airports and trains.
In all, 12 committees are meeting in the coming days to assemble the stimulus bill for a House floor vote during the week of Feb. 22. Once the bill goes to the Senate, it is designed to be passed with just 50 members plus the tie-breaking vote of Vice President Kamala Harris using a special budget fast-track procedure.
Education and Labor Chair Bobby Scott’s draft bill includes Biden’s minimum-wage proposal, which also phases out the lower wage for tipped workers. The committee, set to meet Tuesday to hold votes on the bill, estimates that 27 million workers would see a pay increase under the provision by 2025, if it passed.
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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