Small Business Resources, Business Advice and Forms from AllBusiness.com

Political Gamesmanship in Washington

Wednesday, May 2 2007

As the old saying goes politics makes strange bedfellows, but who would have thought that the Iraq war would sink the minimum wage bill?

That's exactly what happened last night after President Bush vetoed a controversial spending bill. He opposed the measure because it linked money for the war to a Congressionally-imposed timetable for troop withdrawal. As it turns out, the federal minimum wage hike and a package of tax incentives designed to off-set the increase were also tucked into the measure.

You may recall I predicted in my column last February that the minimum wage bill could turn out to be a case of good intentions gone awry on Capitol Hill. And that's exactly what seems to be happening. But who could have  predicted this bizarre turn of events? It just goes to show that political gamesmanship knows no end in Washington.

In the final analysis, however, it's hard to see how small business owners will lose much sleep over this. In a number of polls most were indifferent to the increase because they already paid their workers more. And while the bill included $4.8 billion in tax breaks, groups like the National Federation of Independent Business said the amount was too little to be meaningful.

So, chalk this one up to politics as usual in Washington.

Latest Comments in  posts

No Comments Yet.

You must sign-in or sign-up to comment on this post.

Small Business Expert
rlesonsky_80
Ask Rieva Lesonsky, Our
Small Business Expert,
Your Question
Sales Expert
krosen_80
Ask Keith Rosen, Our
Sales Expert,
Your Question
Business Travel Expert
krosen_80
Ask Ken Walker, Our
Business Travel Expert,
Your Question
Finance Expert
sthacker_80
Ask Sam Thacker, Our
Finance Expert,
Your Question
Invention Expert
Ask Stephen Key, Our
Expert on Licensing Your
Invention, a Question
Medical Practices: Why a Good Accountant and Bookkeeper Are Important
Interview with Peter Lucash, AllBusiness.com's Medical Practice Advisor