We already know that the Biden Administration’s partisan, $1.9 trillion “COVID stimulus” has resulted in higher prices and crushed Main Street’s hiring efforts—even the Federal Reserve of San Francisco made note of it.
Here are three ways the Democrats will make the labor shortage worse:
Expanding the Affordable Care Act: Democrats’ expansion of the Affordable Care Act means many unemployed people will get more federal subsidies to buy health insurance staying at home than they would reconnecting to work–eliminating a key incentive for people to rejoin the workforce.
Severing the Connection Between Work and the Child Tax Credit: The GOP-created Child Tax Credit rewarded work and was doubled as part of the Tax Cuts and Jobs Act. But Democrats are permanently eliminating the work requirement and making it refundable, so that workers get a check that they can spend on anything–not necessarily their kids–without having to work. A recent survey by ZipRecruiter found that 65 percent of respondents said they don’t feel the financial pressure to accept the first job offer they receive.
Hammering Main Street with One-Size-Fits-All Vaccine Mandates: We all want higher vaccine rates, but President Biden’s one-size-fits-all Washington vaccine mandate is the wrong approach, and will surely make supply chain problems worse, drive up prices, and slow down deliveries. Instead, Main Street job creators need greater flexibility to make health choices that are best for their workers.