Presumptive Democratic presidential nominee Joe Biden unveiled a plan to advance racial equality Tuesday after announcing an agenda to advance equality for women Monday. File Photo by Kevin Dietsch/UPI | July 28 (UPI) — Former Vice President Joe Biden unveiled Tuesday a plan to advance racial equity in the rebuilding of the economy, a day after he announced a plan to advance women’s equality.
The presumptive Democratic presidential nominee unveiled the plan on Medium called “Build Back Better by Advancing Racial Equality Across the American Economy.”
“Black and Brown families — and especially Black and Brown women — face disadvantages at every turn, from access to workplace retirement accounts to access to generational wealth,” Biden’s plan said. “These disadvantages have resulted in large and persistent gaps in financial wealth.”
To help bridge the generational wealth gap, Biden said in the plan that he would help families buy their first homes and build wealth by creating a new tax credit of up to $15,000. He also said that he would invest in affordable housing, and call for more accurate, non-discriminatory credit scoring.
Among other steps to narrow the generational wealth gap between White Americans and Black, Latino, Asian and Native Americans, the plan calls […]
read more here —> www.upi.com