MITCH MCCONNELL: OUT OF TOUCH WITH KENTUCKY
Worth Over $25 Million, Refuses To Raise Pay For Kentucky Families
FRANKFORT – After almost 30 years in Washington, it is troubling just how out of touch Mitch McConnell is with Kentucky’s hardworking families. It is outrageous and insulting that McConnell is worth more than $25 million yet refuses to support a pay raise for the people of the Commonwealth. Kentuckians clearly agree as 61 percent of voters support raising the minimum wage. McConnell’s dismissive attitude towards this important issue of economic security disqualifies him from serving the best interests of the people.
As the Kentucky Center for Economic Policy and the National Women’s Law Center reports detail, increasing the minimum wage to $10.10 an hour would have a major impact in Kentucky. Doing so would:
-Give 255,000 hardworking Kentucky women a raise;
-Lift the wages of over one in four Kentucky workers;
-Increase annual earnings for the nearly 30 percent of Kentuckians who make minimum wage or just above by $2,369 on average and $863 million in total;
-Grow Kentucky’s GDP by $546 million by 2015 and create 2,200 jobs.
Kentuckians across the Commonwealth overwhelmingly agree that no one working full-time should struggle to make ends meet. This is an issue central to growing Kentucky’s middle class and upholding the deeply shared American value of hard work. Alison Lundergan Grimes gets it, but Kentucky’s senior Senator does not. Rather than standing up for his constituents, Mitch McConnell has rejected the issue altogether and declared raising the minimum wage the last thing he would do.
The campaign will share the below graphic on social networks today:
McConnell’s Net Worth Estimated At $27.2 Million. According to a 2010 report by the Washington Post, McConnell’s “Estimated wealth is $27.2 million.” [The Washington Post, 2010]
McConnell’s Net Worth Has Increased 786% Since 2004. According to a 2010 report by the Washington Post, McConnell’s estimated wealth went up “786%” from 2004 to 2010. [The Washington Post, 2010]
Over 250,000 Kentucky Women Would Benefit From Minimum Wage Increase. [NWLC, 2/12/14]
Increasing The Minimum Wage To $10.10 An Hour Would Have Major Impact In Kentucky. According to the Kentucky Center for Economic Policy, raising the minimum wage would: lift the wages of over one in four Kentucky workers; increase annual earnings for the nearly 30 percent of Kentuckians who make minimum wage or just above by $2,369 on average and $863 million in total; grow Kentucky’s GDP by $546 million by 2015 and create 2,200 jobs. [KCEP, 4/3/13]
McConnell Voted Against Raising The Minimum Wage At Least 16 Times. [Vote 23, 1/24/07; Vote 179, 6/21/06; Vote 26, 3/7/05; Vote 257, 10/19/05; Vote 76, 4/7/00; Vote 356, 11/9/99; Vote 239, 7/30/99; Vote 94, 4/28/99; Vote 77, 3/25/99; Vote 278, 9/22/98; Vote 184, 7/9/96; Vote 183, 7/9/96; Vote 519, 10/27/95; Vote 33, 7/31/95; Vote 68, 5/17/89; Vote 39, 4/12/89]
McConnell Calls Raising Minimum Wage “The Last Thing We Want To Do.” “Supporters say a minimum wage increase would help low earners and spark the economy with additional spending by those workers. Adjusting for inflation, the minimum wage’s value peaked in 1968, when it was $1.60 hourly but had nearly 50 percent more buying power than today’s $7.25… ‘As part of our concern about creating jobs, the last thing we want to do is pass a measure to destroy jobs,’ Senate Minority Leader Mitch McConnell, R-Ky., said.” [AP, 1/30/14]