Truthout
Economy & Labor
New Sanders Bill Would Tax “Obscene” Pandemic Windfall of Billionaires
The tax would help fund the U.S. recovery from the pandemic and resulting economic collapse.
Millions of Working Poor May Lose Out on EITC Benefits Due to Pandemic
Democrats push to reform the earned income tax credit in the next relief bill to make it like a basic income guarantee.
Trump Threatens Unilateral Suspension of Payroll Tax
Advocacy groups and lawmakers say the move would be an unconstitutional attack on Social Security funding.
GOP Proposes Letting Fossil Fuel Firms Sue Sick Workers Seeking Compensation
GOP senators want a liability shield that lets Big Oil sue workers who seek recompense for getting COVID on the job.
Mnuchin Justifies Slashing $600 Unemployment Boost With Debunked Talking Point
The treasury secretary claimed the $600 weekly boost in unemployment insurance created a disincentive to work.
800,000 Low-Income Households May Have Had Electricity Disconnected Amid COVID
Power shutoff moratoriums in many states are reaching their expiration dates despite the worsening pandemic.
Monumental Contraction of US Economy Wipes Out Five Years of Gains
Failure to address the pandemic head-on may have resulted in larger quarterly economic losses than were necessary.
Senate Departs for 3-Day Weekend as Unemployment Benefits Expire for 30 Million
More than 25,000,000 unemployed Americans are about to lose their extra unemployment benefits.
Employers Require Liability Waivers as Conflict Mounts Over Workplace Safety
Nearly 50 COVID-related lawsuits have been filed relating to conditions of employment.
Memo Warns GOP Unemployment Benefit Formula Would Take Months to Implement
“The damage from a lapse in unemployment benefits will radiate throughout the economy,” tweeted Rep. Don Beyer.