After being passed in the House, the Senate has voted the Minimum wage increase bill down. This does not mean they do not support an increase, rather simply not the way the House wants it done. In fact the Senate is taking President Bush's suggestions of including a tax breaks for small businesses into consideration.
Today the Senate voted on a version of the bill which allows for states to set their own minimum wages. That too had been voted down. As you may have realized New York's minimum wage is higher than the national rate of $5.15. The national rate simply sets a bare minimum standard, but most "blue" states where the cost of living is higher the minimum wage is as well. Hence even if the minimum wage was set to $7.20 (which is what Congress currently wants) it would not affect some states at all whose wages already pay such an amount.
To battle that concern a Senator has proposed raising $2.20 from the current minimum of every individual states.
We'll have to wait and see where this goes, but you can bet something will definitely happen by the end of this fiscal year.
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