(Image Credit – Gage Skidmore)
Senator Mitt Romney has brought forward a plan to raise the minimum wage of essential workers to $12 per hour.
Referred to as Patriot Pay, the plan seeks to establish a temporary raise of the minimum wage to $12 per hour. The raise, according to the plan, will go on for three months; May, June, and July.
This is not the first time Republicans in Congress have proposed a solution progressives have been demanding for years. The $1200 stimulus check idea came from Republican factions as well. This idea got laughs from prominent Democratic presidential candidates on a debate stage in September. President Trump supported the move later.
According to the plan, 25% of the increase in pay would be covered by employers. The rest of the 75% would be covered by the federal government paid through refundable payroll tax credit.
Essential workers are at the frontline of the pandemic. Grocery store attendants, health care professionals, and many other workers are working day and night to keep the country on its feet.
However, this plan is not the only one in the works. Senate Democrats are also apparently working on plans that provide hazard pay to essential workers at the forefront of this crisis.
More on ‘Patriot Pay’
Some of the essential points of Romeny’s Patriot Pay plan are –
- The plan works in two parts – people earning over $50,000 a year and those earning less than that
- For employees earning less than $50,000 a year, employers would get a 75% refundable payroll tax credit
- For those making over $50,000 a year, the tax credit would be cut down by $24 for every additional $500 until annualized income reaches $90,000
- The plan is only applicable to essential workers
- Who is an essential worker? The Department of Labor and Congress and would classify certain industries as essential and thus eligible for this plan