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U.S. Presidential candidate Kamala Harris revealed a new economic plan to strengthen her connection with Black male voters. Harris emphasized that she would provide loan support specifically for Black entrepreneurs facing financial difficulties. This announced plan aims to enhance economic security while empowering Black men to showcase a stronger economic presence through entrepreneurship. This step is viewed as a strategic move by Democrats in response to the increasing support for Donald Trump among Black voters.
1 Million Loans and Up to $20,000 Debt Forgiveness
According to the plan announced by Harris, a total of 1 million loans will be provided to individuals and businesses struggling with financial constraints. Beneficiaries of these loans can benefit from debt forgiveness of up to $20,000. This initiative is expected to contribute significantly to the growth of small businesses and reduce financial barriers for entrepreneurs.
Harris’s campaign team believes this move will economically motivate Black male voters.
The Plan Includes Cryptocurrency Regulation and Support for Legal Marijuana
Harris also promised regulation for the popular cryptocurrency investments within the Black community. She stated that she would collaborate with the U.S. Congress to offer more investment protection for the 20% of Black Americans who own or have previously invested in cryptocurrencies. Additionally, support will be provided for the federal legalization of recreational marijuana, helping Black men find job and entrepreneurial opportunities in this rapidly growing sector.
A noteworthy shift is occurring in Black voter preferences. According to a poll published by New York Times and Siena College on October 12, 15% of Black voters indicated they would vote for Trump in the upcoming elections. This reflects a 6% increase compared to the 2020 election. Despite rising support for Harris among Black voters, Democrats are worried about the narrowing gap with Trump, as even a small loss in votes could create a critical difference.
Harris’s economic plan aims to balance Trump’s growing support and win Black male votes through economic promises.
