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Politics : Formerly About Advanced Micro Devices
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To: neolib who wrote (222317)3/6/2005 8:01:37 AM
From: Amy J  Read Replies (1) of 1575984
 
neolib, "The GOP plan says small business enterprises with less than $1 million in receipts would be exempt from the federal Fair Labor Standards Act, which sets minimum wage, overtime and record keeping standards. The current ceiling is $500,000."

This confused me - is this implying some very small companies don't have to pay min wage? Does that apply to farming?

RE: "The tax breaks are offset by such measures as tightening tax requirements on companies that move their companies overseas to avoid U.S. taxes"

I wonder what or whom this refers to? Companies move overseas to be closer to larger markets. Maybe this is referring to those companies that move their headquarters to Belize (or wherever) where they pay hardly no taxes.

RE: " The Pennsylvania Republican recognizes that it has been 7 1/2 years since the last (minimum wage) raise" ...
During the same eight-year period, members of Congress have raised their own salaries seven times, by a total of $28,500, he said.
cnn.com
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