For Immediate Release
Sam Quigley, firstname.lastname@example.org, 202-446-0489
Letting Larry Kudlow Dictate Economic Policy is a "Terrible Idea"
Patriotic Millionaires Chair responds to Kudlow's criticisms of the federal minimum wage
WASHINGTON - Today, in response to White House economic adviser Larry Kudlow saying at a Washington Post event this morning that he thinks a federal minimum wage is "a terrible idea," Chair of the Patriotic Millionaires Morris Pearl released the following response:
“Larry Kudlow's view that a federal minimum wage is a 'terrible idea' is absurd. The idea that the federal minimum wage shouldn't be raised is ridiculous enough considering how little $7.25 per hour actually is, but to say that large companies should have the complete freedom to dictate the income of workers is stunning. This is beyond the pale, completely contrary to what virtually every credible economist believes, and dangerous. The American people should be incredibly worried that President Trump's chief economic adviser is for a policy that would further enrich just a few wealthy people by allowing millions of Americans to sink deeper into poverty. The minimum wage isn't a terrible idea, letting Larry Kudlow dictate economic policy is a terrible idea."
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