WASHINGTON β Vice President Kamala Harris proposed a suite of economic policies Monday aimed at appealing to Black men as the Democratic presidential nominee works to shore up a critical voting bloc whose
support is showing signs of slipping.
Harris' "Opportunity Agenda for Black men" includes offering 1 million
"fully forgivable" loans to Black business owners and new federal
regulations for cryptocurrency to protect investors in the digital
currency.
Harris has also proposed legalizing marijuana nationally for
recreational use and ensuring Black entrepreneurs have access to the
growing cannabis industry.
The proposals β unveiled just three weeks before Election Day β come as polling shows former President Donald Trump, the Republican nominee,
has made inroads with Black men that could swing what's expected to be
a razor-thin election. Democrats also worry about signs of lagging
turnout among Black voters even as the country could elect the first
Black woman president in U.S. history.
The Harris campaign said, if elected, the vice president will "break
down unjust legal barriers that hold Black men and other Americans back
by legalizing marijuana nationally, working with Congress to ensure
that the safe cultivation, distribution, and possession of recreational marijuana is the law of the land."
Harris will "fight to ensure as the national cannabis industry takes
shape, Black men β who have, for years, been over policed for marijuana
use β are able to access wealth and jobs in this new market," the
campaign said in a statement.
The campaign called the policy a "stark contrast with Donald Trump" and
the Justice Department's approach with marijuana during his presidency. President Joe Biden's administration took steps this year to reclassify marijuana from a Schedule I β its designation for decades β to a less dangerous Schedule III drug under the Controlled Substances Act.
Marijuana is legal for recreational use in 24 states as well as the
District of Columbia. Trump, a Florida resident, said earlier this year
that he will vote for a measure in his home state legalizing
recreational marijuana that's on the ballot this fall.
Harris discussed her economic plan Monday in Erie, Pennsylvania at a
campaign event at Legenderie Records and Coffee House, a Black-owned business, before holding a campaign rally later in the evening.
In recognition of Harris' challenge with Black men, former President
Barack Obama, the nation's first Black president, called out Black men hesitant to support Harris in pointed remarks last Friday, suggesting
some aren't rallying behind her because she is a woman.
A New York Times/Sienna College poll released over the weekend found
Harris leading Black voters nationally over Trump by a wide 78%-15%
margin β yet that's closer than the 2020 election, when Biden won 90%
of Black voters, while Trump won just 9%, according to post-election
polls and other assessments. A CBS News/YouGov poll found Harris ahead
with Black voters by a wider 87%-12%.
"Kamala Harris is in full-blown desperation mode as she spends the
waning days of the campaign attempting to stop the bleeding among
voting blocs most traditionally aligned with Democrats," the Trump
campaign said in a statement on Harris's economic agenda for Black
voters.
Harris' loan proposal would provide loans fully forgivable up to
$20,000 to Black entrepreneurs and others "who have a good idea but
donβt have the resources, connections, or access to capital to get
their business off the ground, as well as entrepreneurs locating small businesses in underserved communities," the campaign said.
The program, which would be administered through a new partnership with
the Small Business Administration, builds off an earlier Harris
proposal to increase tax deductions for small businesses from $5,000 to $50,000.
Harris' pledge to ensure cryptocurrency investors are "protected" comes
as more than 20% of Black Americans own or have owned cryptocurrency
assets, according to the campaign.
Harris' economic agenda also emphasizes expanding education, training
and mentorship programs for Black men. Areas targeted include:
investing in more Black male teachers; promoting registered
apprenticeships and credentialing opportunities in Black communities; strengthening Black leadership programs in public schools and
historically Black colleges and universities; and strengthening the
federal Public Service Loan Forgiveness Program to recruit and retain
Black male teachers.
Harris also wants to launch a health equity initiative focused on Black
men to address sickle cell disease, diabetes, mental health, prostate
cancer and other health challenges that disproportionately impact
African American people, the campaign said.
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Let's go Brandon!
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