Reopening America: Ted Cruz, Michael Bennet on spurring job growth - Business Insider

safety measures. "Until there is a vaccine," Madland said, "Public health measures are the best way to get the economy going."

Policy-wise, the former Trump economic advisor says that there should be a "complete suspension of the payroll tax on employees and employers for the rest of the year." This will create a 7.5% cut in hiring costs for employers, as well as a 7.5% pay raise for workers, he says. In the last recession, Congress created the Temporary Assistance for Needy Families Emergency Fund to help states establish or expand subsidized employment programs, which Carlton says the government should do again because, although short-lived, the program created over 260,000 subsidized jobs and put people to work.

For communities, Baker says that pop-up food eateries and food trucks have an opportunity to become more popular during COVID-19. "As diners look for less congested options, smaller, simpler venues are a way to set up with limited requirements, and help reemploy unemployed food service workers," he adds.

Given this, Stettner says that Congress should continue the extra $600 per week in jobless pay until the coronavirus public health emergency ends, and then convert to an extra $350 to $450 per week depending on the state. "With so much up in the air about our ability to contain the COVID-19 pandemic, the least we can do is to make sure that jobless workers know they can make ends meet."

The pair also said that "unemployment benefits should be replaced with cash equivalent transfers that do not depend on employment status," in order to continue to support low-income workers, whether they are employed or not. Now, the speaker says similar programs can be put in place to build more resilient infrastructure as well as a transition from fossil fuels to clean, renewable energy, and a more circular economic system.

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