The EITC vs. Minimum Wage

President Lyndon B. Johnson declared a War on Poverty in his 1964 State of the Union address. For the last fifty years, fighting poverty has been a top national priority. Recently, as the economy fails to fully recover in the wake of the financial crises and ensuing recession, lawmakers have called for an increase in the minimum wage. In the last 12 months five states and the District of Columbia passed minimum wage hikes. Meanwhile, President Obama in his 2014 State of the Union address announced his intention to issue an executive order requiring federal contractors to pay their employees at least $10.10 per hour.  President Obama also called on Congress to increase the federal minimum wage for all employees to $10.10.

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