Obama Has Been Quietly Looking Out For Brothers And Sisters
...To date, President Obama has granted 562 commutations: more commutations than the previous nine presidents combined and more commutations than any individual president in nearly a century. Of those, 197 individuals were serving life sentences. And, today’s 214 grants of commutation also represent the most grants in a single day since at least 1900.
Is he perfect?.....NO, but he's done way more for minorities than anyone before him and he's nothing like the person that some on this site attempt to portray him as............
Restoring Economic Security: According to the White House, American businesses have added over 14 million jobs. This job growth has helped cut the African American unemployment rate in half – from 16.8% in March 2010 to 8.3% in December 2015, its lowest level since September 2007. The African American unemployment rate has fallen by more than the overall unemployment rate in the past few years, and is further below its pre-recession level than any other racial or ethnic group.
Helping the Long-Term Unemployed Get Back to Work:...The Department of Labor awarded nearly $170 million in “Ready to Work Partnership” grants to support the best models for partnerships between employers, non-profits and the job training system, to help train and connect the long-term unemployed to work.
Providing Comprehensive Healthcare:...Because of Obamacare, the rates of uninsured Americans have fallen to 11.9% after being at 16% when President Bush left office. Over 3 million poor Americans, including hundreds of thousands of African Americans in the south would be covered if not for Republican governors blocking the Medicaid expansion under the Affordable Care Act.
Making College More Accessible and Affordable: President Obama signed legislation increasing the maximum Pell Grant by more than $1,000 and total Pell Grant funding by 70%, helping millions of low- and moderate-income students afford college every year. He’s also taken steps to reduce student loan burdens, including ending student loan subsidies for private banks and shifting the savings back to students, reducing student loan interest rates to historic lows, and capping student loan payments at 10% of income for all students. He established and made permanent the American Opportunity Tax Credit...
Promoting Entrepreneurship as a Path to Success:...The SBA has increased outreach to the African American community with the launch of the Business Smart Toolkit, a business basics and lender-readiness resource in partnership with the National Association of Government Guaranteed Lenders. Additionally, SBA partnered with national organizations such as U.S. Black Chambers Inc. and 100 Black Men of America, to reach more entrepreneurs. SBA launched the My Brother’s Keeper Millennial Entrepreneurs Initiative, partnering with HBCUs and community colleges to promote entrepreneurship across college campuses, and MBK Millennial Entrepreneur Champion Mike Muse to encourage entrepreneurship among young people of color and other youth.
Championing Criminal Justice Reform and Fair Policing: President Obama signed the Fair Sentencing Act in 2010. This narrowed the penalty between 🤬 and powder 🤬 from 1:10 to 1:18...
Helping Americans Keep Their Homes: African American families were particularly hard-hit by the housing crisis and were the victims of predatory lending. The president took action to help homeowners, including expanding access to refinancing – allowing responsible borrowers to save an average of $3,000 per year. The Administration also took measures to allow homeowners behind on their payments to modify their mortgages to avoid foreclosure...
Making Owning a Home More Affordable:...Recently, the president announced a major new step to make buying a home more affordable and accessible for creditworthy families. The FHA reduced its annual mortgage insurance premiums by half a percentage point. For the typical homebuyer, this reduction translates into a $900 reduction in their annual mortgage payment. Existing homeowners who refinance into an FHA mortgage will see similar reductions to their mortgage payments as well. Following the reduction in 2015 the number of African American borrowers (new purchase or refinance) with an FHA loan increased by nearly 50%.
Protecting Families from Financial Abuses, Hidden Fees, and Deceptive Practices:...The CFPB, which works to make markets for consumer financial products and services work for Americans, is also charged with enforcing fair lending laws to protect against discriminatory lending practices.
Permanent Tax Cuts that Promote Work and Reduce Poverty:...These tax credit expansions provide about 2 million African American families a year with an average tax cut of about $1,000 each. Because of these improvements, a single parent working full-time, year-round at the federal minimum wage gets an additional CTC of more than $1,700; if the expansion were not in place, that parent would not receive any CTC.
Expanding Access to Paid Leave:...As a result, too many working Americans cannot afford to stay home if they are ill or to take care of a sick child if it means the loss of pay. The new executive order will give approximately 300,000 Americans working on federal contracts the new ability to earn seven days of paid sick leave. The president also called on Congress to pass legislation expanding paid sick leave and paid family and medical leave to millions more workers.
Increasing Wages for Working Families:...But the president cannot raise wages alone, which is why he continues to call for Congress to pass the Raise the Wage Act to increase the federal minimum wage to $12 by 2020. According to researchers at the Economic Policy Institute, this Act would lead to a raise for 45% of all single, working African American mothers. Overall, passing the Raise the Wage Act would directly or indirectly increase wages for an estimated 35 million workers, helping to ensure fair pay and boost the economy. However, since the president called for an increase in the minimum wage in his 2013 State of the Union address, 17 states and the District of Columbia have answered his call. That means that today, a total 29 states and the District of Columbia have a higher minimum wage than the federal minimum wage.
Narrowing the Digital Divide:...ConnectHome will initially reach up to 200,000 children in low-income households living in public housing with the support they need to access the Internet at home. Through public and private partnership, ConnectHome communities will offer technical training, digital literacy programs, and devices to help narrow the digital divide.
Creating Affordable Retirement Savings:...According to the Urban Institute, the risk of an insecure retirement is especially high for minorities: white households have six times the wealth, including retirement savings, of African Americans or Hispanics. To make it easier for families to save for retirement, the Treasury recently announced the national launch of myRA, a new starter retirement account designed for individuals who don’t have access to an employer-sponsored retirement program. According to a Federal Reserve report, 42% of workers don’t have access to a retirement plan through their jobs. myRA is designed to help bridge this gap, and help workers get on the path to long-term savings.
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