Senator Hawley Press Office

@SenHawleyPress ↗

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Wed Feb 24 13:57:14 +0000 2021

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Senator Hawley Press Office @SenHawleyPress

HOW IT WORKS — The credit is worth 50% of the difference between the median wage and the worker’s hourly wage rate. In other words, the credit would boost per hour wages 50% closer to the median. The median wage is set at $16.50 per hour and will be indexed to inflation. — PolitiTweet.org

Posted Feb. 24, 2021

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Senator Hawley Press Office @SenHawleyPress

Workers would receive the bonus directly through an automatic, advanceable tax credit tied to hours worked. Unlike other proposals to raise wages, this plan does not place a major new burden on small businesses, many of which are still recovering from harmful shutdowns. — PolitiTweet.org

Posted Feb. 24, 2021

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Senator Hawley Press Office @SenHawleyPress

For example, an American worker making $12/hour would be eligible for a $2.25/hour credit. [($16.50-$12.00)/2] = $2.25 The maximum credit would be for 40 hours of work a week, allowing this full-time worker a total credit of $4,680 for the taxable year. — PolitiTweet.org

Posted Feb. 24, 2021