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
The National Rifle Association says the nation's most powerful gun-rights organization has filed for bankruptcy and will seek to incorporate the nation’s most politically influential gun-rights group in Texas.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
State and federal wildlife officials are investigating reports of a manatee found with “Trump” drawn on its back in a Florida river.
The global death toll from COVID-19 has topped 2 million. It crossed the threshold on Friday, according to a tally kept by Johns Hopkins University.
Gov. Cuomo unveiled a proposal to legalize adult-use cannabis in the Empire State, which could add a much-needed source of tax revenue amid the financial devastation of the COVID-19 pandemic.
Congress passed a COVID relief deal that includes a second stimulus payment for Americans. So who qualifies? And when will the checks arrive? Here's what you need to know.
Rep. Kim Schrier (D-Wash. 8th District), stated that the FBI was looking into allegations that members of Congress aided or abetted pro-Trump rallygoers who breached the Capitol on January 6.
Cheddar looks ahead to what may be in store for President-elect Joe Biden once he takes office on January 20.
A coronavirus action plan from President-elect Joe Biden centers on a mass vaccination campaign and closer coordination among all levels of government.
President Donald Trump has been impeached by the U.S. House over the violent siege of the Capitol.
