“For millions of Americans, the rising cost of living has made it harder to make ends meet, but the federal minimum wage has not been increased in more than 10 years,” Romney said.
The bill is a counterpoint to Democrats who are pushing to increase the minimum wage to $15 per hour by 2025.
Critics of the Democratic bill say the quick increase, which would over double the current $7.25 minimum in just four years, would burden small businesses. A Congressional Budget Office (CBO) report of the plan estimated it would lead to 1.4 million fewer jobs, but also lift 0.9 million people out of poverty.
Keep reading at The Hill.