The U.S. lost a stunning 22 million jobs in March and April at the beginning of the coronavirus pandemic, with only about half of those numbers returning in the following seven months. With weekly jobless claims remaining high, voters might want to know more about what former Vice President Joe Biden and President Donald Trump intend to do on the issue of labor.
Biden has pledged to do whatever it takes to help jobs recover through direct stimulus payments. His plan includes funding for state and local governments to keep essential workers on their payrolls and federal payouts to supplement state unemployment checks.
Meanwhile, Trump favors tax cuts and deregulation to stimulate the economy but concedes that another infusion of cash stimulus is likely needed. The president also extended federal unemployment benefits for six weeks after they were set to expire in July but at a lower rate of $300 a week, half the amount of the earlier benefit.
Both candidates support tax incentives for manufacturers to keep jobs at home. Biden even proposes tax penalties for those businesses that ship manufacturing jobs overseas with the intention of selling finished products back into the U.S.
Whoever wins the election in November faces a daunting task, with millions still out of work, consumer spending slowing down, and a resurgence in coronavirus cases adding to the economic woes.
Read More on Trump and Biden's Plans:
Trump vs. Biden on Raising the Federal Minimum Wage
Biden vs. Trump on Student Loans and Higher Education
Senate Democrats promised Tuesday to pursue stronger ethics rules for the Supreme Court in the wake of reports that Justice Clarence Thomas participated in luxury vacations and a real estate deal with a top GOP donor. Republicans made clear they strongly oppose the effort.
The Biden administration will send 1,500 troops to the U.S.-Mexico border amid an expected migrant surge following the end of coronavirus pandemic-era restrictions.
Major Changes to Drug Policies for Federal Job Applicants
The board of supervisors picked by Ron DeSantis voted to countersue Disney after the company filed a lawsuit against the Florida governor, alleging political retaliation.
The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits.
A Missouri judge has blocked a unique rule that would restrict access to gender-affirming health care to children and adults.
Attorneys for Montana state Rep. Zooey Zephyr are asking a court to allow for her return to the House floor.
Members of the Central Florida Tourism Oversight District on Monday voted unanimously to sue Disney in state court in the Orlando area.
The annual White House Correspondents' dinner was held on Saturday, and this year's dinner was hosted by The Daily Show's Roy Wood Jr. President Joe Biden gave a speech and didn't hold back, poking fun at Fox News and his own approval ratings.
Appearing on CNN's "State of the Union," Sen. Bernie Sanders on Sunday said President Joe Biden is headed for a "landslide" victory in 2024, as long as Democrats remain "stronger on working-class issues."
