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
These are the headlines you Need 2 Know for Thursday, February 13, 2020.
With two ships at sea, one recently allowed to dock, as quarantines are put in place, the WHO is communicating to countries to change the practice as the cruise industry insists it's able to ramp up its procedures to protect people from the health emergency.
Jessica Jackson, chief advocacy officer at REFORM Alliance, says getting the First Step Act passed in 2019 with the aid of celebrity Kim Kardashian-West, was literally just the initial hurdle in reforming the criminal justice system.
WHO Director-General Dr. Tedros Adhanom Ghebreyesus indicated the body's support has stemmed from the drastic actions China has taken, despite the obvious impact to its citizens and economy.
These are the headlines you Need 2 Know for Wednesday, February 12, 2020.
The operators of a cruise ship that was barred from docking by four governments announced Wednesday it will finally land and disembark passengers in Cambodia.
Political ad spending will reach $6.89 billion this election cycle according to eMarketer, up 63.3 percent compared to the 2016 elections.
Vermont Senator Bernie Sanders declared victory in New Hampshire’s first-in-the-nation primary late Tuesday, maintaining a slim lead over former South Bend Mayor Pete Buttigieg. Minnesota Senator Amy Klobuchar ended the night with a comfortable third-place finish.
Cheddar brings you the latest updates on the New Hampshire primary
CEO Ronan Levy made comments regarding opportunities for psychedelics following a fundraise of $8.5 million by Field Trip.
