Democrats Propose Phasing in $15 Minimum Wage Over Five Years

House and Senate Democrats on Tuesday unveiled a bill to increase the federal minimum wage to $15 an hour, highlighting their intention to include the measure in the next round of Covid-19 relief.

The Raise the Wage Act of 2021 follows through on one of President Joe Biden’s priorities for the aid package, and mirrors a bill that passed in the House in 2019. It would phase in the hike from the current $7.25 to $9.50 this year and the full $15 by 2025.

House Budget Committee Chairman John Yarmuth said Democrats are prepared to try to enact the ...