NFIB decries House approval of minimum wage hike

Calling it a devastating blow to small businesses, the National Federation of Independent Businesses blasted the House of Representatives' passage of a bill to raise the minimum wage to $15 an hour.

Called the Raise the Wage Act, the measure would not only raise the minimum wage to $15 an hour by 2025, it would trigger automatic increases every year thereafter. While passage is unlikely in the U.S. Senate, the NFIB says it would risk record growth, job creation, and already increasing wages.

"In states and municipalities across the country, a mandated minimum wage hike has consistently led to lost jobs, production, and income, and it must not be replicated on the federal level," states NFIB President and CEO Juanita Duggan.

The NFIB invited 150 small business owners from Wisconsin and around the country to Washington, D.C. this week to meet with their Congressional representatives, hoping they would oppose the bill.