Boehner Shoots Down National Minimum Wage Increase

Points out it will reduce employment

Not even 12 hours old, President Barack Obama's proposal to hike the minimum wage to $9 an hour from $7.25 was quickly rejected by House Speaker John Boehner.

"When you raise the price of employment, guess what happens? You get less of it. At a time when Americans are still asking the question 'Where are the jobs?' why would we want to make it harder for small employers to hire people," Boehner asked Wednesday at a press conference.