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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 10 4:00 PM EST

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To: Lee Lichterman III who wrote (42703)	3/10/2000 7:45:00 AM
From: jttmab	Read Replies (2) of 99985

Also don't forget the new minimum wage increase passed today. That should help ease the wage pressure reported in the beige book report from yesterday. There are about 10 million workers that currently earn between $5.15 and $6.15 per hour. Over 10 years that's less than $100M. But not to worry the Republican leadership wanted to make sure it was a "balanced approach" and included some tax breaks to ease the burden on businesses. Tax cuts are estimated to total $122B over 10 years and obtained through future budget surpluses. [House plan] $100 Million vs. $122 Billion; sounds pretty balanced? "This is a balanced bill that helps the working poor while helping the businesses that hire them." House Speaker, Dennis Hastert. Best Regards, jttmab

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