|Budget office: Wage boost would cost firms $15B|
|News - St Augustine Area & St Johns County|
WASHINGTON — A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday.
The nonpartisan budget office’s estimate could be used as ammunition by Republicans, who largely oppose the measure because they say it would drive up business costs.
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