Chairman Yarmuth Statement on Passage of the Raise the Wage Act
Washington, D.C.— Kentucky Congressman John Yarmuth, Chairman of the House Budget Committee, issued the following statement following House passage of H.R. 582, the Raise the Wage Act. The bill will gradually raise the federal minimum wage from $7.25 to $15 by 2025 as well as index future increases in the federal minimum wage to ensure its value does not once again erode over time.
“In the richest country on Earth, there is no acceptable reason for someone working 40 hours a week to live in abject poverty. And yet far too many do. Today I was proud to vote with House Democrats to pass the Raise the Wage Act and stand up for our nation’s working families,” said Chairman Yarmuth.
“By ending the ten-year freeze on the federal minimum wage and raising it to $15 by 2025, the CBO estimates that 27 million Americans will see their wages increase and 1.3 million Americans – including 600,000 children – will be lifted out of poverty. This bill empowers working Americans to improve their own lots, jumpstart their local economies, and better provide for their children.
“It is long past time that we start paying America’s workers what they deserve.”