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BILL FRIST (R-TN) POSITION: Senate Majority Leader TOTAL HOLDINGS: Between $12,666,000 and $46,715,000 HIGHLIGHTS: Frist has between $10,584,000 and $39,260,000 in blind trusts. He owns land in Memphis, Tennessee worth between $500,000 and $1,000,000. KEY QUOTE: “Today, in this fragile economy recovering from the recession, to raise the minimum wage would not create jobs but destroy jobs and increase the prices of goods and purchasing power of the people who you’d like to be helping, the disadvantaged.”
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MITCH McCONNELL (R-KY) POSITION: Senate Majority Whip
TOTAL HOLDINGS: Between $1,980,000 and $4,575,000
HIGHLIGHTS: McConnell has property in Washington D.C. worth between $500,000 and $1,000,000.
KEY QUOTE: Bush said in a 2004 presidential debate, “Actually, Mitch McConnell had a minimum wage plan that I supported that would have increased the minimum wage.” However, according to McConnell’s press secretary, the senator has not released any of the details his plan. McConnell voted against increasing the minimum wage in March 2005 and June 2006.
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CHARLES GRASSLEY (R-IA) POSITION: Finance Committee Chairman
TOTAL HOLDINGS: Between $2,235,000 and $5,175,000
HIGHLIGHTS: Grassley owns lands in Butler County worth between $1,700,000 and $3,500,000. He also has between $199,000 and $635,000 in various IRAs.
KEY QUOTE: “Less than five percent of the people making minimum wage are completely relying on that income as their major source of income.”
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JUDD GREGG (R-NH) POSITION: Budget Committee Chairman
TOTAL HOLDINGS: Between $3,402,000 and $10,055,000
HIGHLIGHTS: In Oct. 2005, Gregg won $853,000 in the Powerball lottery. He owns between $1,000,000 and $5,000,000 in Fleet Bank, as well as between $250,000 and $500,000 in Bristol Myers stock and between $50,000 and $100,000 in Exxon and Verizon stock.
KEY QUOTE: “If you start losing jobs because you raise minimum wage too quickly, too fast that small employers can’t afford it, that’s going to have an effect on peoples’ opportunity to work.”
more millionaires: http://thinkprogress.org/senate-high-rollers-oppose-minimum-wage/
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