Illinois soon could give bonuses to universities for enrolling African American and Hispanic students under a proposal by a state government commission.
The recommendation by the Illinois Commission on Equitable Public University Funding aims to address “the historic inequities” in education “especially among students from low-income households, students of color, students from rural communities, and working adults,” according to a news release.
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The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.
Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March. The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families.
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The Democratic Party has hemorrhaged black and Hispanic support over the course of President Joe Biden’s tenure, according to Gallup polling data published on Wednesday.
The substantial advantage that the Democratic Party previously held over Republicans in terms of black Americans in general and Hispanic Americans aged 18 to 29 has diminished by almost 20% in the last three years, according to Gallup. The Democratic Party now has a significantly smaller lead over the Republican Party with these demographics.
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