Rate of homeownership for Black Americans. Courtesy Photo.
Over the past year, COVID-19 and its variants have plagued the globe taking lives and interrupting normal activities in virtually all areas of life. For Black America, already plagued with steep health, income and wealth disparities, coping with the pandemic has been even more painful.
With less income, higher unemployment, and less access to financial resources, both businesses and consumers alike strive to hold on for much-need relief. In many cases, modest financial resources are either gone or near their end, and the patience to cope has worn thin.
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In response, an unparalleled coalition of more than 100 national, state and local advocates are pressing Congress and the Biden Administration for substantive changes to deliver equitable relief to underserved communities. Foremost in the coalition’s concern was getting Paycheck Protection Program (PPP) funds to deserving but largely left out businesses fr
AICPA testifies to Congress on extending PPP deadline
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Housing Help Demands $10 Billion in Direct Payments
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In a letter, a coalition of more than 100 companies and trade associations asked Senate Leaders Chuck Schumer, D-N.Y., and Mitch McConnell, R-Ky., to pass the bipartisan Dream Act of 2021.
Members of the Coalition for the American Dream and signatories of the letter represent every major industry in the country, including Facebook, General Motors, Marriott, Target, Visa and Uber. Continued delay or inaction will cause significant negative economic and social impact on businesses and hundreds of thousands of deserving young people across the country, the coalition said in the letter first seen by CNBC.
Democrats on Feb. 18 unveiled a comprehensive immigration reform package backed by Biden that would provide a pathway to citizenship for 11 million undocumented immigrants with an expedited process for Dreamers.