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The United States of America will NOT be cutting funding to @starsandstripes magazine under my watch. It will continue to be a wonderful source of information to our Great Military!— Donald J. Trump (@realDonaldTrump) September 4, 2020 243

The travel industry is still reeling from the effects of the COVID-19 pandemic as millions of people have lost their travel-related jobs. Now, Congress is debating a bill that would provide thousands of dollars in travel tax credits to families."This could be used for airfare, for hotel stays, for meals and attractions within a certain distance away from home, let's say." says Tori Emerson Barnes with the U.S. Travel Association.Modeled after the homebuyer tax credit that was created in the recession of 2008, Barnes says, if passed, this financial incentive would be crucial toward putting the travel industry and the millions of people it employs back to work."Post 9/11, it took about 18 months for the travel industry to come back. From an economic standpoint, this is nine times worse than 9/11, so really what we have to do is get people moving again to get the economy back," says Barnes.The travel tax credit would pay back families 50% of their travel expenses up to ,000. The refund would be for travel expenses made between the time of the bill's enactment and the end of 2021."We know that we need to get people traveling again in a health and safe way so we think that establishing an individual travel tax credit that can help motivate folks and push them a little bit into the market will go a long way. We’ve been working with members of Congress on both sides of the aisle and administration," says Barnes.Chris Gahl of Visit Indy says the travel tax credit would be huge for businesses in Indianapolis."The tourism eco-system is made up of lots of different businesses. Most consumers would think of hotels, airlines, museums, restaurants and bars. But there are also companies that clean linens for the hotels, flower companies," says Gahl.As for easing travelers concerns amid COVID-19, Gahl says, "From Indiana’s perspective, from the capital of Indianapolis, we have taken great strides in putting people first and foremost and the health of our residents and subsequently our visitors.""We all believe that there needs to be appropriate sanitation, there needs to be appropriate barriers in place and we support the use of masks. You know, we think a phased and layered approach is critical to the health and safety of the American public but we don’t think you have to pick between the public health or the economic health of the country," says Barnes.In the Indianapolis area, Visit Indy says more than 83,000 people rely on tourism for their jobs."This goes well beyond the glossiness of hotels and restaurants and wanting a getaway. There's real people, real Americans who are working and depending on tourism for a paycheck," says Gahl.The US Travel Association hopes Congress votes on the bill by early August. 2754

The Walt Disney Co. is planning to lay off 28,000 workers in its theme parks division in California and Florida.The company has been squeezed by limits on attendance at its parks and other restrictions due to the pandemic. Officials said Tuesday that two-thirds of the planned layoffs involve part-time workers but they ranged from salaried employees to nonunion hourly workers.In addition to the 28,000 nonunion workers, Disney said it is discussing next steps with unionized cast members.Disney’s parks closed last spring as the pandemic started spreading in the U.S. The Florida parks reopened this summer, but the California parks have yet to reopen as the company awaits guidance from the state of California.Disney along with local officials, have pressured California officials to resume operations at Disneyland. Disneyland has been ordered to remain closed by California Gov. Gavin Newsom.Newsom said a month ago that he would have an announcement soon on plans to allow for a reopening of amusement parks in California, including Disneyland.“In light of the prolonged impact of COVID-19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic – exacerbated in California by the State’s unwillingness to lift restrictions that would allow Disneyland to reopen – we have made the very difficult decision to begin the process of reducing our workforce at our Parks, Experiences and Products segment at all levels, having kept non-working Cast Members on furlough since April, while paying healthcare benefits,” said Josh D’Amaro, Disney Parks chairman. “Approximately 28,000 domestic employees will be affected, of which about 67% are part-time. We are talking with impacted employees as well as to the unions on next steps for union-represented Cast Members.” 1872

The Trump administration is promising one of the largest fireworks displays in recent memory in Washington on July Fourth. It also plans to give away as many as 300,000 face masks to those who come down to the National Mall for the festivities, although they won't be required to wear them. This is despite concerns from D.C. Mayor Muriel Bowser, who warns that the plans run counter to established health guidelines. Interior Secretary David Bernhardt on Wednesday detailed President Donald Trump's plans for Independence Day in the nation's capital and said they include a mile-long detonation of 10,000 fireworks. Trump and first lady Melania Trump plan to host events on Saturday from the White House south lawn and from the Ellipse.Additionally, military planes will conduct flyovers in a handful of major cities along the East Coast as part of this year’s July Fourth celebration. The Pentagon says roughly 1,700 service members will support a salute to the “Great Cities of the American Revolution.” The flyovers will begin in Boston and proceed to New York City, Philadelphia and Baltimore. Washington has held an Independence Day celebration for decades, featuring a parade along Constitution Avenue, a concert on the Capitol lawn with music by the National Symphony Orchestra and fireworks beginning at dusk near the Washington Monument.President Donald Trump plans to kick off Independence Day festivities with a showy display at Mount Rushmore the day before. When he speaks at the Mount Rushmore, he’ll stand before a crowd of thousands of people who won't be required to socially distance or wear masks despite the coronavirus pandemic. The event will include fighter jets thundering over the 79-year-old stone monument in South Dakota’s Black Hills and the first fireworks display there since 2009.Public health experts are warning of the risk that it could help the coronavirus to spread. And others say the fireworks will put the forest around the monument at risk to wildfires. 2003

The roaring American economy will probably sink into a recession before President Trump stands for re-election in 2020.At least that's the view of Ray Dalio, the billionaire investor who predicted the 2008 financial crisis."The probability of a recession prior to the next presidential election would be relatively high, 70% or something like that," Dalio said on Wednesday evening during an appearance at the Harvard Kennedy School's Institute of Politics.  471

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