How the US Can Reduce Unemployment and Reverse a Steep Recession

How the US Can Reduce Unemployment and Reverse a Steep Recession

How the US Can Reduce Unemployment and Reverse a Steep Recession

Forbes, April 10, 2020 (Opinion)

Onetime presidential candidate Steve Forbes offers opinion on steps the newly formed task force to re-open the economy can take to tackle unemployment. One suggestion Forbes makes in the short video is enacting a one-year suspension of the payroll tax to give workers a raise and reduce the employers’ cost of hiring. He also recommends removing the capital gains tax – helping raise the price of stocks to make up for losses in retirement and investment plans. Speaking to the historical success of capital gains tax reductions and the need for the Federal Reserve to ramp up Main Street lending, Forbes lists steps that can help us avoid major recession and unemployment in the coming months.

Watch the entire video here.