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
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Florida Gov. and presidential hopeful Ron Desantis says that he thinks the Republican primary would be different if former president Donald Trump wasn't indicted.
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The top military officer in the United States met with his Chinese counterpart for the first time in over a year.
A judge ordered former Trump attorney Rudy Giuliani immediately to start paying the judgment against him for the former Georgia election workers that he defamed.
Lawyers for former president Donald Trump requested that the Supreme Court avoid taking on an appeal about whether Trump has immunity for his actions challenging the 2020 election results.
President Joe Biden said there's no question former President Donald Trump supported an insurrection but wouldn't give an opinion on Colorado banning Trump from the ballot.
Hamas says it will not negotiate for the release of any additional hostages until Israel's operation in Gaza ends.
