Tag: Trump botched economic recovery

New Study Shows Trump Policies Drive Millions Of Seniors Into Poverty

Donald Trump’s inept handling of the coronavirus pandemic is condemning millions of older Americans to get by on much smaller incomes and forcing many into permanent poverty, a new study shows.

These people can anticipate shorter lives with less robust health, while taxpayers will bear the burden of care for many years of increased welfare benefits and subsidies.

The pandemic forced 2.9 million Americans ages 55 to 70 to leave the workforce in just March through June, a study by the Retirement Equity Lab at The New School found. Continue reading.

White House clarifies limits of jobless aid plan as talks with Congress dim

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Unemployment benefit will be $300 per week, not the $400 Trump promised on Saturday

President Trump’s senior aides acknowledged on Tuesday that they are providing less financial assistance for the unemployed than the president initially advertised amid mounting blowback from state officials of both parties.

On Saturday, Trump approved an executive action that he claimed would provide an additional $400 per week in expanded unemployment benefits for Americans who have lost their jobs during the pandemic.

By Tuesday, senior White House officials were saying publicly that the maneuver only guarantees an extra $300 per week for unemployed Americans — with states not required to add anything to their existing state benefit programs to qualify for the federal benefit. Continue reading.