President Bush on Wednesday endorsed a Democratic proposal to increase minimum wage by $2.10 to $7.25 an hour over two years.
Bush stressed in a White House news conference,"I believe we should do it in a way that does not punish the millions of small businesses that are creating most of the new jobs in our country. So I support pairing it with targeted tax and regulatory relief to help these small businesses stay competitive."
The minimum wage hasn't increased since 1997.
"I look forward to working with Republicans and Democrats to help both small-business owners and workers when Congress convenes in January." The president said.
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