U.S. presidential candidate Kamala Harris has announced a new economic plan aimed at strengthening ties with Black voters, focusing on support for Black entrepreneurs and cryptocurrency regulation.
1 Million Loans and Up to $20,000 Debt Forgiveness
Harris's plan includes providing 1 million loans to individuals and businesses facing financial challenges. Beneficiaries can receive up to $20,000 in debt forgiveness, significantly contributing to the growth of small businesses and reducing financial barriers for entrepreneurs.
The Plan Includes Cryptocurrency Regulation and Support for Legal Marijuana
Harris also promised regulation for popular cryptocurrency investments among Black Americans. She aims to work with the U.S. Congress to enhance investment protection for the 20% of Black Americans who own or have invested in cryptocurrencies. Additionally, there will be support for the federal legalization of recreational marijuana.
Changing Political Preferences Among Black Voters
According to a poll by the New York Times and Siena College on October 12, 15% of Black voters indicated their support for Trump in the upcoming elections, reflecting a 6% increase from the 2020 election. Despite rising support for Harris, Democrats are concerned about the narrowing gap with Trump.
Harris's economic plan aims to counter Trump's growing support and win Black male votes through economic promises.