Today, the Job Creators Network (JCN) sent a letter to Sen. Kyrsten Sinema (D-AZ) and Sen. Mitt Romney (R-UT) opposing their recent proposal to increase the federal minimum wage to $11 per hour. To read JCN’s letter, click here.
“JCN and its members are profoundly disappointed at your stance on this policy and we will be actively opposing your proposal to raise the minimum wage on small businesses still reeling from economic shutdowns,” Alfredo Ortiz, JCN President and CEO, wrote in the letter.
“Small businesses are already suffering from the worst pandemic in a century and raising the minimum wage will cause even more damage,” the letter continued. “In March of this year, the Senate rightfully rejected an amendment that would raise the federal minimum wage to $15 per hour. According to the non-partisan Congressional Budget Office, a $15 million minimum wage would destroy up to 2.7 million jobs nationwide…Instead of raising the minimum wage, Congress should expand the Earned Income Tax Credit (EITC). The EITC supplements low-income wages through the tax code, rewarding work without punishing small businesses.”
Every U.S. Senator was CC’d on the letter.