Press Releases

Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement after the nonpartisan Congressional Budget Office (CBO) released a report predicting devastating job losses if the national minimum wage is increased to $15, as required by Democrat-authored H.R. 603 (Rep. Scott (D-VA)) and S. 53 (Sen. Sanders (D-VT)):
 
“Today’s CBO report on the radical Democrat legislation to increase the national minimum wage by 107 percent paints a dire picture for workers and small businesses. The legislation would result in 1.4 million lost jobs around the country and increase prices for families and consumers. Why in the world would Congress vote to reduce employment when so many Americans are desperate to get back to work? This is the exact opposite of what our country needs. During the COVID-19 pandemic, Congress should be focused on creating jobs and protecting small businesses, not destroying them with this misguided legislation.”

###