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 government’s top infectious disease expert has told a House committee he believes "it will be when and not if" there will be a COVID-19 vaccine.
Cheddar's Need2Know Podcast for Tues., June 23, 2020.
On Monday, every driver and their crews joined Bubba Wallace in a show of solidarity before the race that was postponed a day by rain.
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Cheddar's Need2Know Podcast for Mon., June 22, 2020.
Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopening just a few weeks ago.
Also called Emancipation Day, or Juneteenth Independence Day, Juneteenth is a holiday commemorating the end of slavery in the United States But this second independence day is not a national holiday and most Americans have never even heard of it. Years of systematic racism, segregation, and the oppression of Black Americans have diminished and stamped out efforts to make what should undoubtedly be an American National Holiday.
The director of "Selma,""13th," and "When They See Us," Ava DuVernay, is working to empower other artists to create works to keep law enforcement accountable as police brutality protests have gathered steam throughout the world.
In the midst of a national protest movement calling for an end to systemic racism in the criminal justice system, the idea of celebrating the end of slavery as a national holiday is gaining momentum among political leaders, activists, and corporate head-honchos alike.
NBA Executive, Michele Roberts joins Cheddar to talk discuss being the first woman and person of color to join Cresco Labs' board of directors. Roberts has also been instrumental in the return of the NBA season amid the coronavirus pandemic.
