The US Senate has done it again. They have spurned the ideas of the Founding Fathers and passed their own increase in the "Minimum Wage", $2.10 over two years. This matches the House version, but the Senate also passed tax breaks for small businesses, and Nacy Pelosi will not stand for that.

Here is something Conspirators will want to watch closely, and remember.

FROM THE AP:
By JIM KUHNHENN

WASHINGTON Feb 1, 2007 (AP)— The Senate voted overwhelmingly Thursday to boost the federal minimum wage by $2.10 to $7.25 an hour over two years, but packaged the increase with controversial tax cuts for small businesses and higher taxes for many $1 million-plus executives.

The increase in the minimum, the first in a decade, was approved by a 94-3 vote, capping a nine-day debate over how to balance the wage hike with the needs of businesses that employ low-wage workers.

A top priority of Democrats, the wage hike has both real and symbolic consequences. It would be one of the first major legislative successes of the new Democratic-controlled Congress. ...

The full article can be found here: http://www.abcnews.go.com/Business/wireStory?id=2842529

To get better points about the faulty economic assumptions underlying this kind of legislation, check these pieces:

http://www.fee.org/publications/the-freeman/article.asp?aid=1456
http://www.fee.org/publications/the-freeman/article.asp?aid=224
http://www.mises.org/story/2130