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
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Minneapolis City Council member Andrea Jenkins discussed her range of issues including city services, the LGBTQ community, communities of color, infrastructure, economic development, and the future of the U.S. presidency.
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Tonight President Donald Trump gets to issue his third State of the Union address to lawmakers and guests on Capitol Hill. Cheddar is keeping track of the night's best moments.
Democratic state Rep. Robert "Renny" Cushing told Cheddar that the Granite State, surrounded by adult-use legal states, needs to get with the times.
Democratic Party officials in Iowa have released more than 60 percent their delayed caucus results. Confusion and chaos still hang over Iowa and its first-in-the-nation presidential contest.
Technology companies and banks led a broad rally for U.S. stocks in midday trading Tuesday following solid gains overseas. China took more steps to soften the financial blow of the virus outbreak and its main stock index rose following a plunge a day earlier.
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Voting in the 2020 election kicks off today, exactly nine months before Election Day, as Iowans gather at more than 1,600 caucus sites to pick their favorite candidate.
Councilman Ritchie Torres told Cheddar that cashless businesses might uphold institutionalized racism and discriminate against low-income people who are unbanked or underbanked.
