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 America's Newsroom Bill Cassidy Clips coronavirus Economy Fox News Channel HEROES Act Nancy Pelosi Politics

GOP Sen. Cassidy: Pelosi Using Americans’ ‘Pain’ to Leverage Her HEROES Act

In a Monday interview on Fox News Channel’s “America’s Newsroom,” Sen. Bill Cassidy (R-LA) weighed in on Democrats criticizing President Donald Trump for using his…

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Posted in Clips coronavirus Economy HEROES Act Joe Manchin Politics

Manchin on HEROES Act: ‘Can’t Cure All of the Social Needs’ in a Pandemic Bill

During an interview with the “Fox News Rundown” podcast released on Wednesday, Sen. Joe Manchin (D-WV) criticized the HEROES Act, the $3 trillion coronavirus legislation…

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Posted in Chuck Schumer Congress coronavirus Coronavirus relief bill Democrats federal spending HEROES Act Nancy Pelosi New York Senate tax cut Taxes

In Coronavirus Spending Bill, Democrats Push Massive Tax Cut For The Rich

The Democrat proposal would give an average tax cut of $33,000 to the top 1 percent of income earners, says a Brookings Institution estimate.

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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 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 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 American workers Big Business Billionaires China coronavirus Economy foreign workers HEROES Act illegal immigration Immigration mass immigration Middle Class millionaires Nancy Pelosi Politics SALT Cap Southern Border U.S.-Mexico border

Pelosi Coronavirus Plan Bails Out the Rich with Tax Breaks, Cheap Labor

House Democrats’ Chinese coronavirus relief package bails out coastal millionaires and billionaires while ensuring big businesses are able to freely hire illegal aliens and visa…

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Posted in coronavirus Economy health HEROES Act Kevin McCarthy Lance Gooden Nancy Pelosi Politics Steve Scalise U.S. House of Representatives

House Passes $3 Trillion, 1,815-Page Coronavirus Bill

The House passed Speaker Nancy Pelosi’s (D-CA) $3 trillion, 1,815-page phase four coronavirus legislation on Friday.

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Posted in Bernie Sanders coronavirus Economy health HEROES Act Nancy Pelosi Politics

Bernie Sanders: Senate Must Expand Pelosi’s Leftist Coronavirus Bill

The Senate must “improve” House Speaker Nancy Pelosi’s (D-CA) leftist coronavirus bill, expanding it even further, Sen. Bernie Sanders (I-VT) said in a statement on…

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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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