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
Vermont Senator Bernie Sanders endorses former Democratic rival Joe Biden for president.
Transit unions are calling for greater protections for their employees, as coronavirus has taken a heavy toll on bus drivers and train operators working on the frontlines.
Rep. John Garamendi (D-Calif. - 3rd District) believes the former captain of the Nimitz-class nuclear aircraft carrier, USS Theodore Roosevelt, deserves to be reinstated after being removed for going around the chain of command to ask for help for his virus-plagued vessel.
The Supreme Court said Monday it will hold arguments by teleconference in May in key cases, including President Donald Trump's bid to shield his tax and other financial records.
The sailor was found unresponsive on April 9 and moved to ICU at a hospital. He died Monday. The Roosevelt has been in a coronavirus crisis that prompted the acting Navy secretary to fire the ship's captain on April 2.
White House officials are pointing to hopeful signs that the spread of the coronavirus could be slowing. President Donald Trump insisted he would not move to reopen the country until it is safe.
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.
Flight attendants for American Airlines told Cheddar of frantic attempts to collect as much personal protective equipment as they can despite promises from the carrier to provide masks, gloves, and hand sanitizers for its employees.
The Treasury Department and the Internal Revenue Service have launched a website for Americans who didn’t file their taxes for 2018 or 2019 to submit their bank account information so they can receive their coronavirus stimulus check.
During World War II, the shipyard earned the nickname the "Can-Do Shipyard" for its efforts in constructing ships and other military vessels. Now, the industrial complex and its tenants are aiding in a fight against an invisible enemy.
