Washington, D.C. – U.S. Senator Pat Toomey (R-Pa.) issued the following statement on the Congressional Budget Office’s (CBO) report on raising the minimum wage to $15 per hour:
“The CBO has confirmed what we already knew: a universal and arbitrary federal $15-per-hour minimum wage will destroy jobs across the country. Our economy and job market are on the way back. A step like this, that CBO projects could kill between 1.4 million and 2.7 million jobs, is a surefire way to pull the rug out from under our recovery, send people to the unemployment line in droves, and eliminate job opportunities for so many entry-level workers.”