President Trump is unveiling a campaign plan in Atlanta to pledge more funds to institutions that lend money to Black business owners, says White House adviser Ja'Ron Smith. The plan also proposes making Juneteenth a federal holiday.
Ja'Ron Smith, a top Trump adviser, says Republicans are focused on economic empowerment issues for the Black community.Ja'Ron Smith, a top Trump adviser, says Republicans are focused on economic empowerment issues for the Black community.President Trump is leaning into his economic record as he attempts to attract Black voters with a plan to try to secure more lending for African-American business owners.
Ja'Ron Smith — a White House adviser who spoke to NPR in his personal capacity ahead of the event — said the goal is to have the federal government invest in institutions that lend to Black businesses. The campaign believes that a sizable federal investment of about $50 billion could ultimately spur $500 billion in additional capital. That funding would need to be negotiated with Congress.
"Today is historic because for the first time you have a Republican president and a Republican agenda that's focused on the economic empowerment of the Black community," Smith told NPR in an interview.Trump won just 8% of the Black vote in 2016. His campaign has opened field offices in predominately Black communities in swing states, as Trump tries to improve on that support. In a tight election, squeezing out a few more votes could make a difference.
Biden discussed his economic plan for Black Americans earlier this week at an event in Charlotte, N.C., pledging to invest more money in historically Black colleges and universities and leverage $150 billion in new capital for Black-owned businesses.
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