CARS HOMES JOBS

Unions claim Walmart played role in minimum wage subsidy

Monday, April 15, 2013
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— Several labor unions claim campaign contributions by Walmart prompted the unusual provision of a subsidy for employers faced with a higher minimum wage in New York.

Senate Republicans call the claim nonsense.

Republican spokesman Scott Reif says Monday the subsidy was a legislative compromise to avoid losing jobs as a result of increasing the minimum wage.

In March, the Legislature and Gov. Andrew Cuomo approved increasing minimum wage to $9 an hour over the next three years. The current minimum wage is $7.25.

The law includes a taxpayer-funded subsidy estimated at $20 million to $40 million a year with no cap on the payments.

That will cover tax credits for employers who hire seasonal employees who are 16 to 19 years old and still in school.

 
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comments

April 15, 2013
8:12 p.m.
cracker says...

Corporate welfare at its finest.

April 15, 2013
8:52 p.m.
cheeseburger says...

sweet, finally getting a break. n.y. is not the easiest state to own a sm. business. being a public employee is in my opinion.

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