You're looking at the government's budget as if it matters in the regard. It does not.The only downside I see is taking on $1.5 trillion in debt to fund that tax cutThose making less than $20 an hour are the ones needing government assistance. They have been ignored in the economic recovery as much as those making minimum wageYou're ignoring the fact that over 60% of the American work force makes $20/hr or less, and most, if not all, of them are going to demand raises. I know I would if I was making $17/hr and all of a sudden I'm making only 2 bucks more than minimum. That's a huge impact.
You cannot ignore practical reality. Only in a fantasy world can you quickly jack the MW that high with no or few negative effects. If you want a guaranteed income, be honest and create a welfare program. Companies should not become welfare distribution centers.
I have no issues with doing it incrementally over five years
But you will notice that 50% tax cut for employers was not done incrementally
That's because a tax cut doesn't increase a company's expenses dramatically. There's no massive downside to doing it.
That qualifies as massive