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But reconciliation is reserved for matters with a significant budgetary effect. Senator Bernie Sanders, the Vermont independent, said the forecast of an increased deficit showed that the measure passed the test. He also contested Mr. Riedl said. While Mr. Riedl said it was about half of 1 percent of the projected year deficit. Congress last passed a minimum-wage increase in Progressives see the wage increase as a central weapon for fighting poverty and inequality, while conservatives often Waye it will reduce jobs.
The report in essence said both sides were right.
Cooper disputed the jobs forecast, arguing that it was out of line with recent studies that showed increases in the minimum wage had produced little or no effect on employment. Progressives like Mr. Sanders have been arguing that an increased minimum wage would reduce federal spending because fewer people would need safety-net programs like food stamps or Medicaid.
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Sanders continued to reject, citing other studies. On balance, the report said the changes would benefit labor over capital.
Cooper said. Home Page World Coronavirus U.]
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