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On a 33 to 15 vote Thursday, the Republican House rejected a Senate Democratic bid to boost Indiana's minimum wage by requiring matching cuts to Indiana's corporate income tax rate.
According to the Times, Republican State Senator Mark Stoops of Bloomington says raising the minimum wage would make Indiana less competitive and cost jobs.
On the other side of the aisle, Democratic Senator, Mark Stoops of Creek says Hoosier workers deserve to get some benefit if their employers win yet another tax break from the Legislature.
His proposal to change House Bill 1001 (ten-oh-one) would increase the state's minimum wage by 50 cents a year starting in 2017, taking the current federal minimum rate of $7.25 an hour, to $10 an hour by 2021, according to the article.
The legislation in question is set for a Senate vote next week on the bill that would cut corporate income tax rate to 4-point-9 percent by 2021 from 6-point-5 percent in 2015.
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