Will the Biden administration succeed in enacting a much higher federal minimum wage — and should it? The fate of Biden’s minimum wage proposal remains hazy. Yet by more than doubling the federal minimum wage over a few years, Biden’s plan would enter uncharted territory. As for Biden’s minimum wage proposal, it is up against the Senate’s “budget reconciliation” rules, which will likely govern the president's rescue aid package. But they are supposed to be limited to budgetary matters and likely don’t apply to a minimum wage increase.