• Latest
  • Trending
  • All
  • News
  • Lifestyle
More Than Juneteenth? What’s In Trump’s $500 Billion “Platinum Plan” For Black America thumbnail

More Than Juneteenth? What’s In Trump’s $500 Billion “Platinum Plan” For Black America

September 27, 2020
A year after Hurricane Helene, communities still wait for federal reimbursements thumbnail

A year after Hurricane Helene, communities still wait for federal reimbursements

September 26, 2025
Why some memories stick while others fade thumbnail

Why some memories stick while others fade

September 26, 2025
Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’ thumbnail

Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’

September 24, 2025
States rally to offset fracturing of federal healthcare agencies: ‘Diseases don’t see state lines’ thumbnail

States rally to offset fracturing of federal healthcare agencies: ‘Diseases don’t see state lines’

September 22, 2025
Jared Kushner Is Now A Billionaire thumbnail

Jared Kushner Is Now A Billionaire

September 18, 2025
Airbnb Launches New Feature to Enhance Water Safety Awareness for Guests thumbnail

Airbnb Launches New Feature to Enhance Water Safety Awareness for Guests

September 18, 2025
Researchers successfully heal rats’ broken spines  thumbnail

Researchers successfully heal rats’ broken spines 

September 16, 2025
Democrats Cannot Just Buy Back the Working Class thumbnail

Democrats Cannot Just Buy Back the Working Class

September 16, 2025
Kalshi ‘ready to defend’ prediction markets amid Massachusetts lawsuit thumbnail

Kalshi ‘ready to defend’ prediction markets amid Massachusetts lawsuit

September 14, 2025
Republicans move to change Senate rules to speed confirmation of some nominees thumbnail

Republicans move to change Senate rules to speed confirmation of some nominees

September 11, 2025
The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’ thumbnail

The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’

September 9, 2025
What We Learned from Raiders' Road Win Over the Patriots thumbnail

What We Learned from Raiders’ Road Win Over the Patriots

September 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Friday, September 26, 2025
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home Business

More Than Juneteenth? What’s In Trump’s $500 Billion “Platinum Plan” For Black America

FREE Cape Cod News by FREE Cape Cod News
September 27, 2020
in Business, U.S.
Reading Time: 3 mins read
Donate
0
More Than Juneteenth? What’s In Trump’s $500 Billion “Platinum Plan” For Black America thumbnail
635
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

On Friday, President Trump unrolled what he refers to as a “platinum plan” for Black America, calling for increased investment in Black businesses and additional capital for Black entrepreneurs. The President also announced support for Juneteenth to be recognized as a national holiday.

But is Trump’s plan to little and too late to convince Black voters to support him?

The President’s speech at the “Black Voices for Trump” rally in Atlanta comes as part of a late push to gain more traction with Black voters. It was also notable for the location where he made it. Georgia, which has historically been a solid Republican state in presidential elections, is an unexpected battleground in 2020, with some polls showing the contest too close to call. Atlanta is also the city where Trump announced “Black Voices for Trump” last fall.

Trump’s proposed plan, which purports to be built on four pillars of “opportunity, security, prosperity and fairness,” calls for a range of measures in support of the Black businesses and families. Included in the plan is a call for almost $500 billion of capital investment in the Black community, with much of it coming from increased federal contracting opportunities and other investments. He also called for 500,000 new Black businesses and 3 million jobs for Black Americans.

Juneteenth Boston

A stylized American Black Lives Matter flag flies during a Juneteenth rally, Friday, June 19, 2020, … [+] in Boston. On Friday, in Atlanta, President announced his support for making Juneteenth a national holiday as part of his platinum plan for Black America. (AP Photo/Michael Dwyer)

ASSOCIATED PRESS

Trump’s plan also calls to increase the number of Black-owned contracting businesses, financial services entities, and private equity investment funds by means of regulatory reform and up to$40 billion in government funding, as well as leveraging infrastructure funding to increases opportunity for Black businesses in federal contracting. Trump’s propsal also references vague commitments for increases in Black employment and home ownership, offering very little details on both.

In addition to the economic aspects of the plan, the President’s plan proposes a range of other commitments to the Black community, including criminal justice reforms that include diversity training for police forces. In addition, the President is promising a National Clemency Program to unite families and invest in human potential, focusing on wrongful prosecution and rehabilitation.

Notably, Trump also announced in Atlanta that he supports making Juneteenth a national holiday, something that has been teased for several days now.

The plan also proposes prosecuting KKK and ANTIFA as terrorist organizations. Notably, the President’s plan doesn’t mention far-right and white nationalist organizations, which federal law officials have identified as key proponents of race-based hate in America.

The announcement of the so-called “platinum plan” comes after the President tried to use a variety of tactics to woo Black voters. He has used executive orders, pardons, and over-the top rhetoric in which he has compared himself to Abraham Lincoln to attract the attention of skeptical Black voters. There were also several Black speakers during the Republican National Convention who tried to make the case for why Trump is better than Black America than Biden.

Yet Trump’s struggles with the Black community are well known. He received just 8% of the Black vote in the 2016 election, and a poll this week by Quinnipiac University found that only 10% of Black voters planned to support Trump in November.  A  January poll by The Washington Post found that approximately 83% of Black Americans believe that President Trump is racist and have helped fan racial tensions.

That poll, taken before this summer’s widespread protests over police racial justice, showed the strong headwinds the President already faced in convincing Black voters to support him. No doubt this summer’s protests, and even the most recent outcry over a Kentucky grand jury’s decision related to the death of Breonna Taylor, have further added to his challenges.

But by rolling out his platinum plan for Black America, at the very least critics can’t say that the President tried to use the federal pocketbook to try and convince the Black voters to support him. While it is doubtful it will work…

At least it’s better than no plan at all.

Read More

Tags: Americabusinesseconomy

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Jared Kushner Is Now A Billionaire thumbnail
Business

Jared Kushner Is Now A Billionaire

by FREE Cape Cod News
September 18, 2025
The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’ thumbnail
Business

The most troubling feature of the job market is how thinly spread gains are, top economist says — ‘this only happens when the economy is in recession’

by FREE Cape Cod News
September 9, 2025
Trump’s BLS appointee suggests suspending jobs report entirely until methods of data collection are ‘corrected’ thumbnail
Business

Trump’s BLS appointee suggests suspending jobs report entirely until methods of data collection are ‘corrected’

by FREE Cape Cod News
August 14, 2025
5 Essential Steps for Idea Validation and Market Research thumbnail
Business

5 Essential Steps for Idea Validation and Market Research

by FREE Cape Cod News
August 4, 2025
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
A year after Hurricane Helene, communities still wait for federal reimbursements thumbnail

A year after Hurricane Helene, communities still wait for federal reimbursements

September 26, 2025
Why some memories stick while others fade thumbnail

Why some memories stick while others fade

September 26, 2025
Cape Cod Coastal Erosion. Truro, Massachusetts.

Unveiling Cape Cod’s Erosion Nightmare: The Battle for Coastal Survival

June 14, 2023
A year after Hurricane Helene, communities still wait for federal reimbursements thumbnail

A year after Hurricane Helene, communities still wait for federal reimbursements

0
Why some memories stick while others fade thumbnail

Why some memories stick while others fade

0
Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’ thumbnail

Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’

0
A year after Hurricane Helene, communities still wait for federal reimbursements thumbnail

A year after Hurricane Helene, communities still wait for federal reimbursements

September 26, 2025
Why some memories stick while others fade thumbnail

Why some memories stick while others fade

September 26, 2025
Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’ thumbnail

Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’

September 24, 2025

FREE Cape Cod News On Twitter

Today’s News

  • A year after Hurricane Helene, communities still wait for federal reimbursements September 26, 2025
  • Why some memories stick while others fade September 26, 2025
  • Republicans and NJ gov. candidate Jack Ciattarelli hammer Mikie Sherrill over asset gains while in Congress: ’She’s tripled her net worth’ September 24, 2025
  • States rally to offset fracturing of federal healthcare agencies: ‘Diseases don’t see state lines’ September 22, 2025
  • Jared Kushner Is Now A Billionaire September 18, 2025
FREE Cape Cod News

Copyright © 2024 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2024 Free Cape Cod News