From WSJopinion: Congress can blunt the effects of the next economic downturn by tying stimulus spending to the unemployment rate, writes jasonfurman
Several prominent Democrats including Tim Ryan, Bernie Sanders and Pete Buttigieg have pushed claims that the American worker needs multiple jobs to survive. The data disagrees. Image: GettyPresident Trump was right to set aside premature plans for fiscal stimulus last month. Based on the current economic situation, stimulus isn’t yet warranted—but it may be soon.
Given the uncertainty, Congress should pass a law immediately that would automatically trigger stimulus if the labor market deteriorates, with unemployment rising rapidly. The package should include not only tax cuts but also relief for states, as well as extra help for people most hurt by recessions. The legislation should be permanent, the measures lasting as long as needed in the next downturn and set to trigger in future ones as well.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Samsung to Launch Smartphone Meant to Make Blockchain FriendlierSamsung is releasing a variant of its newest flagship phone meant to boost adoption of blockchain—a tall task for a technology that still puzzles many consumers.
Consulte Mais informação »
Samsung to launch Galaxy Fold in South Korea on September 6 priced $2,000Samsung Electronics Co Ltd on Thursday said its first foldable smart...
Consulte Mais informação »
Lionsgate to Launch New York City Production HubThe studio will be an anchor tenant at a $100 million studio complex in Yonkers, 20 minutes from Manhattan.
Consulte Mais informação »
Samsung to launch Galaxy Fold in South Korea on Sept. 6 priced $2,000After reports of fragility, Samsung revamps and relaunches its folding phone
Consulte Mais informação »
Meghan Markle to return to royal duties from maternity leave with fashion line launchMeghan, the Duchess of Sussex, is returning from maternity leave to launch a fashion collection, one of her most high-profile projects to date.
Consulte Mais informação »