A funny thing happens at $15 per hour...

Costco is going to $16.

 

They cutting benefits like Amazon did when they went to 15?

 

We probably heard this kind of claim before most of the last 22 increases.

 

Its not so much the $15 for enter level workers that is the issue
Its the level above them, the managers, the experienced workers
Maybe now they make 12-15hr ..now they will need to go to $20 to be fair
Its a big hit

 

Exactly. And that is how raising the minimum wage benefits all workers and will increase wages nationally.

 

It also brings revenue into the Government
So at its core its a tax hike, but paid for by consumers

 

No lies told here.

 

Luckily there is no reason to imagine the treasury being decimated by tax cuts because once again after tax cuts, tax revenues went up....overall.

 

https://www.taxpolicycenter.org/briefing-book/do-tax-cuts-pay-themselves

https://www.crfb.org/papers/tax-cuts-dont-pay-themselves

https://www.economicshelp.org/blog/159544/economics/do-tax-cuts-pay-for-themselves/

Conclusion

There is a significant difference between cutting tax rates in the US, where marginal tax rates are generally lower than 40% and cutting tax rates at 60 or 70%. At marginal tax rates of 40%, there is strong evidence that cutting tax rates (ceteris paribus) does lead to a fall in tax revenue.

 

Revenues Fell