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What you need to know for 07/22/2017

Unions claim Walmart played role in minimum wage subsidy

Unions claim Walmart played role in minimum wage subsidy

Several labor unions claim campaign contributions by Walmart prompted the unusual provision of a sub

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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