Posted in CARES Act Congress coronavirus Economics Heritage Foundation HEROES Act House of Representatives Senate stimulus unemployment Wall Street Journal

WSJ Analysis Shows Why Congress Shouldn’t Keep Subsidizing Extra Unemployment

The enormous, debt-funded unemployment benefits beefed up just several months ago de-incentivized work and created undue hurdles for businesses to bring back employees.

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Posted in airlines American Airlines bail out Business CARES Act Congress Delta House Democrats Mitch McConnell Nancy Pelosi Senate United Airlines

American Airlines To Cut 19,000 Jobs When Federal Aid Expires In October

American Airlines announced Tuesday it would be laying off 19,000 employees once federal support from the CARES Act expires in October.

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Posted in CARES Act Cares Act II coronavirus Economy Mitch McConnell Politics Senate

Republicans Delay Release of Coronavirus Relief Plan

Plans to release the coronavirus relief proposal fell apart Thursday afternoon.

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Posted in CARES Act coronavirus Economy Great Recession Marxists Obama administration payroll tax Politics Small Businesses universal basic income

Exclusive–Ortiz: Perpetual Unemployment Benefits Is Just Part of Democrats’ Broader Seattle-Style Socialist Agenda

By maintaining expanded unemployment benefits through 2013, the Obama administration delayed the national economic recovery from the Great Recession in 2009. A National Bureau of…

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Posted in CARES Act coronavirus Economy health Politics stimulus

Trump Supports Bigger Direct Coronavirus Relief Payments to Americans

The CARES Act authorized $1,200 relief payments to Americans. Now Trump says he wants to go bigger.

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Posted in CARES Act Daniel Mark Economy Oregon Politics Pre-Viral unemployment

Oregon Man Receives 37 Unemployment Checks in a Day Worth More than $14,000

As thousands of Oregon residents wait to receive their unemployment benefits in the mail, one man received twice the amount he was supposed to obtain…

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Posted in CARES Act CNBC Economics Heritage Foundation HEROES Act jobless claims Labor Department New York Times PPP unemployment

Pandemic Lockdowns Pushed Another 1.9 Million Into Unemployment Last Week

Another 1.9 million Americans filed for unemployment last week, marking the first time in more than two months new claims fell below 2 million.

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Posted in CARES Act coronavirus Economy Heritage Foundation Mike Lee Politics regulations Ted Cruz

Ted Cruz, Mike Lee on Next Coronavirus Legislation: Recovery, Not Relief

Sens. Ted Cruz and Mike Lee said tax cuts and deregulation are needed to help small businesses recover in the wake of coronavirus.

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Posted in CARES Act Democrats Economics HEROES Act House of Representatives Joblessness Labor Department Mitch McConnell Nancy Pelosi Republicans Senate unemployment

Jobless Claims Eclipse 40 Million Under Pandemic Lockdowns

While Thursday’s new jobs numbers show an 8-week decline in new first-time filings, new jobless claims still shatter previous records.

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Posted in CARES Act coronavirus Covid-19 Economy Foundation for Government Accountability health Heritage Foundation Payroll Protection Program Politics Small Businesses unemployment claims Welfare

CARES Act Flaw: Employees Reject Jobs in Favor of Payroll Protection Program Funds

Some business owners are having difficulty “reopening” because their employees would rather collect funds through the Cares Act PPP.

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Posted in CARES Act CNBC Congress Economics Heritage Foundation HEROES Act Rachel Greszler Small Businesses unemployment Washington

Another 2.4 Million Americans Filed For Unemployment Last Week, 38 Million Since March

More than 38 million Americans have filed for unemployment benefits since state and local lockdowns initiated widespread economic self-destruction.

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Posted in Adam Michel CARES Act Economics Heritage Foundation IRS National Restaurant Association Small Businesses U.S. Chamber of Commerce

July Tax Day Could Be The Final Blow To Thousands Of Small Businesses

More than 100,000 small businesses have already been permanently destroyed over two months, and a looming tax day will destroy thousands more.

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Posted in American taxpayers California CARES Act China coronavirus Democrats Economy illegal immigration Immigration Politics Southern Border Tom Cotton U.S.-Mexico border

Tom Cotton: Defund States Giving Coronavirus Relief to Illegal Aliens

Sen. Tom Cotton (R-AR) has introduced legislation that will defund states and localities providing American taxpayer-funded coronavirus relief money to illegal aliens.

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Posted in CARES Act Congress coronavirus Economics HEROES Act Jobless Nancy Pelosi pandemic Pandemic Panic unemployment Wuhan coronavirus

Pandemic Panic Laid Off Nearly 3 Million Americans Last Week, 36 Million Within Two Months

New data from the Department of Labor released Thursday shows nearly 3 million Americans filed for first-time unemployment benefits last week as the economic toll…

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Posted in CARES Act Congress coronavirus Economics Heritage Foundation Jobless Labor Department pandemic unemployment

Over 33 Million People Have Filed For Unemployment Since Coronavirus Panic Began

New data from the Department of Labor shows 3.2 million Americans filed fresh claims for unemployment last week bringing the pandemic total over 33 million.

Continue Reading Over 33 Million People Have Filed For Unemployment Since Coronavirus Panic Began