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
Rep. Eric Swalwell (D-Calif. 15th District)
Officer Kim Potter and Police Chief Tim Gannon both resigned two days after the death of 20-year-old Daunte Wright in Brooklyn Center.
Japan’s government has decided to start releasing treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean in two years.
President Joe Biden and congressional leaders will pay their respects to Evans, who was struck by a car and killed while he manned a barricade near the Senate side of the building.
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year.
Will Smith and director Antoine Fuqua have pulled production of their runaway slave drama “Emancipation” from Georgia over the state’s recently enacted law restricting voting access.
The chairman of the Federal Reserve says the U.S. economy is poised for an extended period of strong growth and hiring even though the coronavirus still poses some risk.
Arkansas Governor Asa Hutchinson told Cheddar he tried to stop a ban on transgender treatment for youth, as written, because of its broad language and failure to grandfather in patients already receiving hormonal treatment.
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Mayor-Elect Tishaura Jones joined Cheddar to discuss her historic victory and what to expect of her priorities for the city of St. Louis going forward.
