Thursday, July 19, 2012

"Mitt Romney Minimum Wage $7.25 is Enough"

Federal minimum wage is $7.25. If you work full time 40 hours a week and 50 weeks a year then that's about 2000 hours per year.   I'm going to semi-randomly use California state income taxes as an example.  Your state income taxes are likely to vary but aren't going to be significantly more. 

Mitt Romney Minimum Wage $7.
Mitt Romney has reversed his position on the minimum wage ,  As recently as January, Romney said he was in favor of a hike in the minimum wage. "My view has been to allow the minimum wage to rise with the CPI [Consumer Price Index] or with another index so that it adjusts automatically over time," he told a staffer for a labor-backed group that supports a raise. And he confirmed that stance last month, telling reporters: "I haven't changed my thoughts on that." 

As usual as the Election campaign heats up and conservatives push for clear positions on his Policy Mitt Romney has moved to the position that a minimum wage is not necessary as a basis for pay equity. The truth is most Americans are very happy with the Minimum wage at $7.25 per hour based on recent polls that find 47% in favor of abolishing the minimum wage and allowing company's determine pay based on their ability.

Over the past 3years all US company s have become more productive and profitable, these company's are rolling in cash onshore and in their offshore accounts however wages for their employees have remained at 2006 levels. Company's like Home Depot, Lowe's and Target are now paying less for Part Time wages than they did 12 years ago when adjusted for cost of living increase.

"Mitt Romney was considered an honest man until the current primary Election heated up and Romney was forced to change positions on even the Minimum Wage and Lie to the American people setting aside everything this good man really believed".

The Problem Mr Romney faces is that if  Elected President of the United States he will not be able to move back to his moderate positions with a Republican majority in the house or Senate. Mitt Romney will face worse opposition on his policy's than President Obama even with  Republican majority's in the house and Senate. Mitt Romney will be sandbagged just like George Bush having to give up a lot more to get his policy through to the great detriment of the Country. One of the most dangerous Position Romney may have to succumb to is "Going to War in Iran" a policy he does not believe but committed himself to during the Primary fight with Rick Santorum. 

 Mitt Romney has shown his support for the expansion and tightening of the safety net for Americans in the past him having introduced Health Care in Massachusetts. Mr Romney s temporary Flip or Flop on the Minimum Wage would be interpreted as acquiescent to the right wing or the Republican Party. None of Mitt Romney's rivals for the nomination supported raising the minimum wage, and  Rep. Ron Paul, has said the concept of minimum wage should be scrapped. Romney's new stance may help him consolidate his position on the right, but should hurt him in November. 

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