The House bill took an important step forward in ensuring that hard-working Americans can support their families better and I am grateful the moderates' were able to secure that vote. With this bill, minimum wage workers' pay would have increased 41 percent to $7.25 per hour over the next three years.  Economic research has shown that an incremental increase in the minimum wage -- like the one passed by Congress in 1996 and passed the House -- is the best way to ensure there is little to no impact on employment or prices.