Caucus plan to build Black American wealth-just vote Democrat

[U.S Politics] The Congressional Black Caucus (CBC) has unveiled a new plan to address the racial wealth gap in America. And guess what? It's as simple as casting your vote for the Democratic Party!

The CBC's new resolution, which will be rolled out over the next few months with a goal to end the racial wealth gap by highlighting the policies that have created barriers for Black Americans. These barriers include the legacy of Jim Crow.

According to the CBC, the plan is simple: they want to create a "Day One Agenda" for the next Congress, which they hope will be led by now-House Minority Leader Hakeem Jeffries (D-N.Y.).

The resolution calls on the House to promote Black entrepreneurship by expanding funding solutions, strengthening educational outreach, and reforming policies that have created obstacles to success for Black businesses.

The resolution was built around policy recommendations from the Black Economic Alliance Foundation's "Policy Agenda to Advance Black Work, Wages, and Wealth." The report identifies the typical per capita wealth of white Americans being $284,310, compared to only $44,100 for Black Americans.

The plan calls for the House of Representatives to: 

• Commit to promoting Black entrepreneurship by expanding funding solutions, strengthening outreach to educate our community, and reforming policies that have created obstacles to success for Black businesses.

• Further policies that would encourage Black homeownership, expand the supply of affordable housing, and strengthen the federal government’s tools to fight systemic discrimination in the housing market.

• Support initiatives to build the Black workforce and equip the Black community with the necessary tools to compete for stable jobs at every career level.

• Support efforts to expand economic opportunity, equity, and wealth creation for Black Americans at every socioeconomic level, in every industry, and in every residential setting, with progress toward this objective being monitored, evaluated, and enhanced by Federal departments and agencies that have relevant programs and initiatives under its auspices.

Proponents of the plan argue that the policy agenda is comprehensive. Others argue that the plan lacks substance.

Some responses from online users have been critical. One user on X wrote, "no mention of reparations for ADOS of course and it's very lackluster”. Another user chimed in with, “theatrics per usual, most of them need to voted out”.

Critics of the plan have pointed out that it could be seen as pandering to the Black community, especially given its timing in an election year. They argue that the plan may be more of a political strategy to secure votes rather than a sincere effort to address the issue of economic inequality.

View the full resolution here.