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Washington--the U.S. Senate rejected a bill that would have increased the federal minimum wage by 41 percent over three years and extended cuts in the federal estate, or "death," tax.(JUST IN)

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WASHINGTON -- The U.S. SENATE rejected a bill that would have increased the federal minimum wage by 41 percent over three years and extended cuts in the federal estate, or "death," tax. The bill also would have allowed employers in California and the other six states that don't permit the crediting of tips toward the minimum wage to pay a subminimum scale to tip earners. The federal standard for such a wage currently is $2.13 per hour. All 55 Republicans in the Senate favored the bill, which required 60 votes to advance, but it received only 56 votes. Most Senate…

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