'This Week': Powerhouse Roundtable

Donna Brazile, Matthew Dowd, and Bill Kristol on the debate over the minimum wage and the budget.
3:00 | 02/23/14

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Transcript for 'This Week': Powerhouse Roundtable
my teammates and the coaches. If someone wants to call me a name, I'll have a conversation with that guy and hopefully it won won't lead to anything else. That was trail blazing college football star Michael Sam at the NFL combine this weekend where teams check out the top draft prospects. And we'll get into a big controversy brewing in Arizona over gay rights and the super bowl in a moment. But first the roundtable is here. Bill kristol is back, along with democratic strategist donna Brazile and ABC news's Matthew dowd. I want to start with the minimum wage. A big story this week. Conflicting headlines that came out of the report about minimum wage from the congressional budget office. They analyzed the democratic proposal to raise the federal minimum wage to $10.10, and they found doing so could cost as many as 500,000 jobs, but it would pull 900,000 out of poverty and raise wages for at least 16.5 million people. So bill, republicans and democrats saw something here to make their arguments on minimum wage. What did you see? Both are right. If you increase wages, they will have more money, and some won't be affordable to employers. It's a tradeoff. There are better ways to help working people at the bottom of the ladder in salaries than to raise the minimum wage and impose that on precisely the employers hiring those people. Expand the earned income tax credit so everyone subsidizes those who are working at the bottom levels. Reduce the payroll tax, which takes a big hit out of people at the bottom. I don't think the minimum wage is the right way. But I think it's reasonable, and conservatives have to be serious to think how to make work pay. What matters more, potential job losses or wage increases or pulling people out of poverty? We have gone 25 years where the level of poverty is at a level at which nobody is satisfied with. When we talk about the minimum wage, we have had a change of productivity, it's been dramatically increased. Workers are producing more, but not getting paid more. Minimum wage people that produce more are not getting paid more. So all of the benefits that have flowed from productivity have gone to CEO pay or Wall Street. If you gave workers the same equivalent of the productivity levels, they would make $18 an hour. That's what the minimum wage would be. In the end, I think there's plenty of -- if you look at the want ads, the computers, there's plenty of ask for minimum wage jobs even at $10 an hour they can make a living wage to afford day care, school, all those things. We're not at that level. And Matt is really talking about what I know you think as well. This really does impact Americans every single day, this minimum wage issue. You're talking about people working in a nursing home, retail shops, fast food places. Raising the minimum wage would raise their standard of living. This debate is really about whether or not we want poverty wages in our society or a living wage so that the American people can afford to go grocery shopping. I was amazed at the wage for tip workers is $2.13. When I was waitress, it was 2.13. Two decades ago. It has not moved. So this argument somehow that, you know, this will somehow or another put people in the unemployment line, I think it's a bogus argument. It will raise the level of living for every American. But does it go anywhere? You know what's going to happen? The governors are going to do it. Governorne ors looking at raising the minimum wage. Here in the district of Columbia, the mayor and the city council, Montgomery county raised it. And we're not experiencing job losses. Let me say something. It's a continuation of the conversation about whatsapp. 55 employees, bought for $19 billion. There's companies in this country that have thousands and thousands and thousands of employees trying to pay people a decent wage that are valued way less. Something is off in our country. We evaluate companies like this, not companies that hire lots lots of people, but we have to look at how we value companies. Because it's distinct on how people live. But the minimum wage, it burdens the people with the thin profit margins. If you want to help the working poor, I'm fine with that. Tax mark Zuckerberg and Facebook and whatsapp, but it's an ineffective way to help the working poor. Yes, quickly. You raise the worker's pay at Walmart, it will cause one penny to buy a DVD. One penny. You're not talking about a lot of money. But it will help those ordinary people pay their bills. I want to quickly move to social security. The budget, a big political headline this week. President Obama apparently will not include proposed trims to social security in his budget proposal next week. He'll push for increased investments in education, job training. Sounds to me like any hope of a grand bargain is dead. You know, I differ with a lot of my republican friends. I don't like the kind of trim that was being talked about in social security. It affects everyone. If you want to save money for social security, means test it. This is not hard. Mark Zuckerberg or his parents or Ross Perot don't need the same rise in social security benefits that the people at the bottom do. I want to go around quickly. The last thing, the Arizona law. The controversial law passed by the Arizona legislate that would allow businesses to deny service because of religious beliefs. People think it is targeting gays. And there's one little twist here. The super bowl is scheduled to be played there -- Next year, if governor brewer signs this into law, should the NFL take action? Dowd dowd -- Matthew dowd, very quickly. First, I think in the end the governor is going to veto this. It's an easy veto to do because of the things going in the business economy there. This is a problem where people use religion to enforce discriminatory practices. They used it in the 1960s. They used religion to defend slavery. We have used it to go to war. People criticize Islam because they use religion to fight and kill people. This is the problem. I think she vetoes it, no way this can survive. I hope you're right. She knows how to talk quickly. She knows how to do it.

This transcript has been automatically generated and may not be 100% accurate.

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