Tuesday, January 30, 2007
Multimillionares against minimum wage
Ten right-wing senators stuck together and voted to further delay raising the minimum wage:
Sen. Richard Burr (R-NC)
Sen. Saxby Chambliss (R-GA)
Sen. Tom Coburn (R-OK)
Sen. Jim DeMint (R-SC)
Sen. John Ensign (R-NV)
Sen. Judd Gregg (R-NH)
Sen. James Inhofe (R-OK)
Sen. Johnny Isakson (R-GA)
Sen. Jon Kyl (R-AZ)
Sen. David Vitter (R-LA)
As ThinkProgress detailed in a report last year, at least two of those 10 senators — Gregg and Isakson — are multimillionaires with a combined fortune of up to $35.5 million. Despite their enormous personal wealth, they refuse to grant even a small raise to the nearly 8 million Americans who live on $5.15 an hour:
 | Sen. Judd Gregg (R-NH) TOTAL HOLDINGS: Between $3,402,000 and $10,055,000 HIGHLIGHTS: In Oct. 2005, Gregg won $853,000 in the Powerball lottery. He owns between $1,000,000 and $5,000,000 in Fleet Bank, as well as between $250,000 and $500,000 in Bristol Myers stock and between $50,000 and $100,000 in Exxon and Verizon stock. KEY QUOTE: “If you start losing jobs because you raise minimum wage too quickly, too fast that small employers can’t afford it, that’s going to have an effect on peoples’ opportunity to work.” [Gregg, 6/21/06] |
