With a global pandemic ongoing and the U.S. economy struggling to get back on its feet, the stakes in the upcoming election couldn’t be higher for the restaurant industry.
Republican incumbent President Donald Trump is being challenged by Democrat and former Vice President Joe Biden in what has been a sharply polarized campaign. Key issues that will impact the restaurant industry include things like the workforce, immigration, healthcare and — perhaps most importantly — the nation’s response and recovery from the most deadly health crisis since the Spanish Flu, and the impact of COVID-19 on the economy.
The restaurant industry is projected to lose $240 billion by the end of the year. More than 100,000 restaurants had permanently closed by mid-September, and a desperately needed federal stimulus at press time appeared unlikely until after the election.
Most Americans will have already cast their vote by Nov. 3, though we may not know the results that night. Because of the pandemic, more Americans are expected to vote by mail and some states allow ballots to be counted if they arrive within a certain period after Nov. 3.
Though election season has been filled with drama and more October surprises are expected, here’s a look at the two candidates and their basic positions on issues tied to restaurants…