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Former Vice President Joe Biden, the presumptive Democratic presidential nominee, on Tuesday detailed a proposal to advance racial equity in the United States.

The plan is the fourth and final pillar of his "Build Back Better" agenda for economic recovery, crafted in response to the coronavirus pandemic.

"[Biden] believes in an economy where every American enjoys a fair return for their work and an equal chance to get ahead. An economy more vibrant and more powerful precisely because everybody will be included in the deal. An economy where Black, Latino, Asian American and Pacific Islander, and Native American workers and families are finally welcomed as full participants," the 

Biden will outline the plan Tuesday afternoon during remarks in his hometown of Wilmington, Del. Biden has significantly curtailed his campaign travel amid the pandemic.

Biden's proposal seeks to address the country's racial wealth, opportunity and jobs gaps through what the campaign says would be a "historic effort to empower small business creation and expansion in economically disadvantaged areas — and particularly for Black, Latino, AAPI and Native American-owned businesses."

The 26-page plan centers around the bolstering of small business opportunities for minority communities, reforming 

, investing in affordable housing and homeownership, and expanding access to resources for entrepreneurs of color.

Many of the policy proposals detailed Tuesday have previously been released by the campaign, and reflect the priorities of the other three pillars of his plan to revitalize the economy, including a 

to manufacturing through a "Buy American" proposal.  

The racial equity plan would devote $30 billion — 10 percent of the $300 billion Biden aims to invest in research and development to stimulate the economy — to a small business opportunity fund. The campaign suggests the investment would yield $150 billion in venture capital and low-interest business loans. 

 includes an up-to-$15,000 refundable tax credit for first-time homebuyers to combat racial inequality in housing markets, along with an investment to construct 1.5 million homes and public housing units, and the elimination of housing regulations thought to perpetuate discrimination. 

The plan also focuses on providing relief from student debt and would make public colleges and universities — and private historically Black schools — tuition-free for families with incomes under $125,000, something the campaign estimates would apply to about 90 percent of Black, Latino and Native American households. 

Additionally, the plan reads: "As President, Biden will enact legislation to ensure that every person can go to community college for up to two years without having to pay tuition." 

Last week, during a virtual town hall organized by the Service Employees International Union, Biden controversially described President Donald Trump as the country's "first" racist president, which was first reported by the 

"No sitting president has ever done this," he said, referencing that Trump often refers to the coronavirus as the "

." Biden said: "We've had racists, and they've existed. They've tried to get elected president. He's the first one that has."

Various American Founding Fathers, including George Washington and Thomas Jefferson, enslaved Black people. Still more presidents held racist beliefs, including President 

, who segregated the federal government. The Biden campaign later clarified to the Post that while there have been other racist presidents, Trump "stands out — especially in modern history — because he made running on racism and division his calling card and won."

, citing his administration's efforts at passing criminal justice reform and the low unemployment rate for Black people, prior to the pandemic. 

"I've done more for Black Americans than anybody with the possible of exception of Abraham Lincoln," he said. 

Politics and Government News

Election 2020

Barbara Sprunt

Author

The Democrat's proposal seeks to address the country's racial wealth, opportunity and jobs gaps.

Biden details proposal to advance racial equity in America

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