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Resource ID: #18482
Subject: Labor
Source: National Journal
Date: 2022-10-26



A National Journal investigation reveals that big business players have made out from the new minimum-wage law passed by the Clinton administration in August 1996. Though the law was ostensibly designed to benefit low-income workers, the story reports, tiny provisions buried deep in the text provided special tax breaks for large corporations and projects. Among the beneficent are owners of gasoline station convenience stores, pizzerias and other restaurants that deliver food, the chemical manufacturing giant Hercules Inc., a hydroelectric project in Alaska, and others. The gifts for big corporations were intended to calm down Republican opponents and guarantee quick passage of the law, the Journal reports. But once the spigot was opened, it proved tough to shut off.

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