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#TrickleDownEconomics holds that #taxes should be cut for the wealthiest #Americans & biggest corps, that public investments in… #education, #infrastructure & #HealthCare should be shrunk, & good #jobs shipped overseas. It has exacerbated #inequality & systemic barriers that make it harder for #Black Americans to start a business, own a home, send their children to school & retire w/dignity.
by President #JoeBiden
#MarchOnWashington
#SystemicRacism
#Bidenomics
https://www.washingtonpost.com/opinions/2023/08/27/joe-biden-king-march-on-washington-jobs-freedom/
…We’re taking on housing discrimination & increasing #Black homeownership. To date, we’ve invested >$7B in historically Black #colleges & #universities to prepare students for high-growth industries. We’ve approved >$116B in #StudentLoanDebtCancellation for 3.4M #Americans so that #borrowers receive the #relief they deserve. And a new #StudentDebt repayment plan is helping Black #students & #families cut in half their total lifetime payments per dollar borrowed.
For generations, #Black #Americans haven’t always been fully included in our #democracy or our #economy, but by pure courage & heart, they have never given up pursuing the #AmericanDream. We saw in #Jacksonville, FL, yet another community wounded by an act of #GunViolence, reportedly fueled by #hate-filled animus. We must refuse to live in a country where Black #families going to the store or Black #students going to school live in fear of being gunned down because of the color of their skin.
On this day of remembrance, let us keep showing that #RacialEquity isn’t just an aspiration. Let us reject the cramped view that America is a zero-sum game that holds that for one to succeed, another must fail. Let us remember #America is big enough for everyone to do well & reach their God-given potential.
That’s how we redeem the promissory note of our nation.