Preserving The American Political Philosophy

TWEET THIS  http://goo.gl/CxEs6H Mikkel Clair Nissen Of Denmakrk Rants About Minimum Wage Hoax By Danish Government   An Act To Adjust Maine's Minimum Wage Annually Based on Cost-of-living Changes Be it enacted by the People of the State of Maine as follows: Sec. 1.  26 MRSA §664, sub-§1,   as amended by PL 2007, c. 640, §4,  is further amended to read: 1.  Minimum wage.     The minimum hourly wage is  $6.50 per hour. Starting October 1, 2006, the minimum hourly wage is $6.75 per hour. Starting October 1, 2007, the minimum hourly wage is $7.00 per hour. Starting October 1, 2008, the minimum hourly wage is $7.25 per hour. Starting October 1, 2009, the minimum hourly wage is  $7.50 per hour.  Starting October 1, 2013, the minimum hourly wage is $8.50 per hour. Starting October 1, 2014 and each October 1st thereafter, if there is an increase in the Consumer Price Index on June 30th of that year from the Consumer Price Index on June 30th of the preceding year, the minim

I am taking a short break  from my story line to report of several other issues of import. the first being the new accounting method which the government has devised to calculate increases in the cost of living. Based on this new accounting devise alone, The government can now report that the rate of increase in the  cost of living is on the decline. The new method is call Chained Consumer Price Index.  It is in the newly proposed budget for Maine but I believe that the source is the federal government: Title 36: TAXATION  Part 8: INCOME TAXES  Chapter 841: INFLATION ADJUSTMENTS  §5402. Definition s This Part suspends the inflation adjustment for income tax brackets for tax year beginning in 2014 and 2015 and provides that the inflation adjustment calculation for tax years beginning after 2015 must be based on the Chained Consumer Price Index instead of the Consumer Price Index Here is my layman's analysis based on this article: Measuring Up:The Case for the