President-elect Joe Biden on Friday previewed his priorities for spending to address the CCP virus pandemic, which could cost taxpayers “trillions” of dollars. Biden said the pandemic relief bill passed in December 2020 was a “just a down payment.” He outlined a plan which would include $2,000 direct payment to individuals and support for small businesses. In outlining the plan, the president-elect said that “it’s time to raise the minimum wage” to $15, but did not explain how the move would help small businesses already struggling to pay their staff. The Congressional Budget Office estimated in July 2019 that raising the federal minimum wage to $15 would result in the loss of 1.3 million jobs nationwide. Biden’s transition team did not respond to a request for comment. Sen. Bernie Sanders (I-Vt.), a democratic socialist, has long pushed for a $15 minimum wage. Biden said he considered naming Sanders as his …
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