The Budgetary Effects of the Raise the Wage Act of 2021

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United States Capitol Building in Washington, DC

If the Raise the Wage Act of 2021 was enacted in March 2021, the cumulative budget deficit over the 2021–2031 period would increase by $54 billion.

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Use the interactive tool to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.