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
Cheddar's Need2Know Podcast for Wed., June 17, 2020.
Cheddar's Need2Know Podcast for Tues., June 16, 2020.
The Trump administration has sued former national security adviser John Bolton to block the publication of a book that the White House says contains classified information.
President Donald Trump has signed an executive order on policing following weeks of national protests after the death of George Floyd.
Rosemary Ketchum becomes the first transgender person elected to city council in West Virginia. Ketchum's new role as councilwoman in Wheeling, WV comes as the U.S. Supreme Court said the 1964 Civil Rights Act protects LGBTQ from workplace discrimination.
California congressman, Eric Swalwell told Cheddar on Tuesday he isn't excited about former National Security Advisor John Bolton's upcoming tell-all about the White House after he refused to testify during impeachment proceedings.
The U.S. Supreme Court ruled on Monday that existing civil rights law protects LGBT people from discrimination in employment.
Stocks swung solidly higher on Wall Street in afternoon trading Monday after the Federal Reserve said it would begin buying individual corporate bonds, the central bank’s latest move to prop up volatile financial markets through the economic fallout of the coronavirus pandemic.
GLAAD CEO and president, Sarah Kate Ellis, on the need for more LGBTQ support amid the groundbreaking SCOTUS decision upholding workplace civil rights law for LGBTQ Americans.
The Food and Drug Administration said Monday that the drugs hydroxychloroquine and chloroquine are unlikely to be effective in treating the coronavirus.
