WASHINGTON, D.C. – Congressman Bob Latta (R-Bowling Green) released the following statement after voting against a bill to raise the national minimum wage to $15, a policy that the Congressional Budget Office reported could eliminate nearly four million jobs, particularly for those who rely on lower wage positions like unskilled teenagers entering the workforce and people with disabilities.
The CBO also found that 42 percent of families currently earning at the minimum wage would see a net reduction in family income.
“Our economy is booming, and it’s being felt in wages, tax returns, and in the lives of underserved communities who have been able to get back to work,” said Latta. “Since January 2017, 5.6 million new jobs have been created in this country. For the first time in a decade, the lowest-income Americans are getting the greatest benefits from recent jumps in paychecks.
“Ignoring warning signs and recklessly raising the minimum wage to $15 hurts small businesses and their workers in Ohio and across America, and risks millions of people — especially those on the margins — losing their jobs. Today’s vote to raise the minimum wage highlights a tale of two visions. One on side, you have a record of pro-growth, pro-family, pro-worker policies that create jobs, lower taxes, and help Americans pursue their dreams. On the other, you have a top-down, government-knows-best approach that jeopardizes the growth of the past three years.”