Here is how the candidates want to revive the economy.
The coronavirus pandemic threw tens of millions of Americans out of work, ended the longest U. S. economic recovery on record and undermined a key argument for President Donald Trump’s re-election.
Now, the Republican president and his Democratic opponent in the Nov. 3 election, Joe Biden, have to convince Americans who can get the economy back on track.
As part of his broader economic plan, Biden is expected to propose new policies as soon as this week to increase jobs in childcare, elder care and education.
Here is how the candidates want to revive the economy:
BACK ON TRACK
Since the COVID-19 outbreak, Trump has signed legislation to flush the economy with trillions of dollars in onetime aid to businesses, individuals and local governments.
The president also pushed states to reopen as quickly as possible, even as infections spiked.
Biden has cautioned against reopening the economy without first ramping up coronavirus testing. The former vice president, who oversaw U. S. stimulus spending after the 2008 financial crisis, says households – as well as local governments – need more support to get through the shutdown.
While Trump has said further stimulus measures must include a payroll tax cut, Biden wants Washington to offer states more support in paying for unemployment benefits.
