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February 12, 2013

The details on Obama's State of the Union address

The White House has released the details on the proposals mentioned in President Obama's state of the union address, including a call to raise the minimum wage to $9 an hour.

"In the wealthiest nation on Earth, no one who works full-time should have to live in poverty, which is why the President is calling on Congress to raise the federal minimum wage for working Americans in stages so that it reaches $9 an hour in 2015, raise the tipped minimum wage, and index it for inflation," the plan says. "At the current rate of $7.25 an hour, a full-time minimum wage worker makes $14,500 a year. Even with the tax relief that every parent receives for a child, a family of four with one full-time worker earning the minimum wage is living below the poverty line."

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