#NNPA BlackPress
New Report Exposes Tax System’s Role in Widening Racial Wealth Gap, Calls for Urgent Reforms
NNPA NEWSWIRE — The message from Color of Change and Americans for Tax Fairness is clear: America’s tax system is broken, and without immediate reforms, the racial wealth gap will continue to widen. “Addressing the insidious racial preferences in our tax code is one of the most direct ways we can not only help Black communities grow here and now but for generations to come,” concludes Color of Change Managing Director Portia Allen-Kyle.
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By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia
Color of Change, the nation’s largest online racial justice organization, and Americans for Tax Fairness released a damning report Thursday exposing the deep racial inequities entrenched in the U.S. tax system.
The issue brief “How Tax Fairness Can Promote Racial Equity,” written by Color of Change Managing Director Portia Allen-Kyle and Americans for Tax Fairness Executive Director David Kass, exposes the systemic flaws in tax policy that have widened the racial wealth gap and prevented economic mobility for Black, brown, and Indigenous communities.
The report urgently calls for sweeping reforms to stop the flow of tax benefits to the wealthiest Americans — who are overwhelmingly white — while offering concrete solutions to make the tax code work for everyone, not just the top 1%.
“An equitable tax system does two things,” Allen-Kyle asserted. “It narrows the racial wealth gap from the bottom up and spurs economic mobility for Black, brown, and Indigenous individuals and families. Our current tax code fails on both accounts. It’s a prime example of how so-called ‘colorblind’ systems actively prevent Black families from building generational wealth and economic security.”
Tax Code Deepens Racial Disparities, Experts Say
The brief pulls no punches in describing how current tax policies disproportionately benefit wealthy white families, further deepening racial inequalities. By giving preferential treatment to wealth over work, the system locks in economic advantages for white households while leaving communities of color to bear the brunt of these inequities.
“Our tax system is not only failing to address racial wealth inequality, it’s exacerbating it,” Kass warns in the report. “We privilege wealth over work, fail to adequately tax our richest households and corporations, and allow inherited fortunes to compound unchecked by taxation. This perpetuates a legacy of racial inequality.”
The racial wealth gap has exploded in recent years, with the median wealth gap between Black and white households jumping from $172,000 in 2019 to over $214,000 in 2022. Economic crises such as the Great Recession and the COVID-19 pandemic further entrenched these divides, benefiting the already wealthy, while leaving Black, brown and Indigenous communities further behind.
The Racial Wealth Gap and Homeownership
Homeownership, long touted as a primary means of building wealth in America, has failed to deliver for Black families. The report points to factors such as biased home appraisals and a regressive property tax system as key reasons why Black homeowners have been unable to accumulate wealth at the same rate as their white counterparts.
As the brief notes, with critical provisions of the Tax Cuts and Jobs Act (TCJA) set to expire, now is a pivotal moment for tax reform. “We have a once-in-a-generation opportunity to reform our tax system to address racial inequality,” the report states, comparing recent monumental legislation like the Bipartisan Infrastructure Law and the Inflation Reduction Act.
Three Key Reforms to Tackle Racial Inequity
The report lays out three central reforms aimed at curbing the wealth concentration among the ultra-rich and dismantling the racial inequities baked into the tax code:
- Taxing Wealth Fairly: The report calls for equalizing the tax rates on wealth and work. Currently, capital gains — profits from investments — are taxed at a far lower rate than wages earned by working people, a disparity that overwhelmingly benefits white households. The vast majority of capital gains income flows to white families, who comprise only two-thirds of taxpayers but receive 92% of the benefits from lower tax rates on investment income.
- Strengthening the Estate Tax: The estate tax, which is supposed to curb the accumulation of dynastic wealth, has been weakened over time, allowing large fortunes — primarily held by white families — to grow even larger across generations. The report calls for stronger enforcement of the estate tax to prevent the further entrenchment of wealth and power within a small, overwhelmingly white elite.
- Targeting Tax Deductions to Benefit Lower-Income Households: Deductions for mortgage interest, college savings, and retirement accounts disproportionately benefit wealthier, predominantly white households. In order to prevent lower-income and minority households from falling behind due to policies that are currently biased in favor of the wealthy, the brief advocates for restructuring these deductions.
Biden-Harris Administration and Senate Proposals for Change
Both the Biden-Harris administration and Senate Finance Committee Chairman Ron Wyden have proposed addressing the racial wealth gap.
The Billionaire Minimum Income Tax (BMIT) and the Billionaire Income Tax (BIT) would ensure that the wealthiest Americans — who often go years without paying taxes — contribute their fair share. These proposals would raise over $500 billion in revenue over the next decade, which could be reinvested in healthcare, education, and housing for communities of color.
As the report points out, our current tax system is skewed in favor of the ultrawealthy. It allows the rich to avoid paying taxes on the increased value of their investments unless they sell them. They often borrow against these growing fortunes, further delaying taxation, which allows white billionaires to accumulate vast wealth while paying a fraction of what working families pay in taxes.
Defending IRS Funding to Hold the Wealthy Accountable
The report also highlights the critical need to defend IRS funding, restored under the Inflation Reduction Act, which is essential for cracking down on wealthy tax cheats.
Contrary to Republican claims, this funding will not increase tax enforcement on households earning less than $400,000. Instead, it will improve customer service and expand the Direct File program, saving taxpayers significant time and money.
The Biden administration’s restored IRS funding is expected to raise an additional $100 billion over the next decade by ensuring the wealthiest Americans and corporations pay what they legally owe.
A Call for Urgent Action
The message from Color of Change and Americans for Tax Fairness is clear: America’s tax system is broken, and without immediate reforms, the racial wealth gap will continue to widen.
“Addressing the insidious racial preferences in our tax code is one of the most direct ways we can not only help Black communities grow here and now but for generations to come,” Allen-Kyle concludes.
#NNPA BlackPress
NAACP Sues Trump Administration Over Dismantling of Consumer Financial Protection Bureau
NNPA NEWSWIRE — The lawsuit comes after a series of drastic actions following the ouster of CFPB Director Rohit Chopra. President Trump replaced Chopra with Russell Vought, who immediately instructed staff not to perform any work tasks and ordered the closure of the agency’s headquarters, taking steps to cancel its lease.
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By Stacy M. Brown
NNPA Newswire Senior National Correspondent
@StacyBrownMedia
The NAACP has filed a lawsuit in the U.S. District Court for the District of Columbia challenging the legality of the Trump administration’s decision to dismantle the Consumer Financial Protection Bureau (CFPB). The civil rights organization argues that the move undermines protections for Black, elderly, and vulnerable consumers, leaving them exposed to financial exploitation. NAACP President and CEO Derrick Johnson condemned the administration’s actions, calling them a reckless assault on consumer protections. “Once again, we are witnessing the dangerous impacts of an overreaching executive office. The Trump Administration’s decision to dismantle the Consumer Financial Protection Bureau opens the floodgates for unethical and predatory practices to run rampant,” Johnson stated. “We refuse to stand idly by as our most vulnerable communities are left unprotected due to irresponsible leaders. From seniors and retirees, disabled people, and victims of disaster to so many more, our nation stands to face immense financial hardship and adversity as a result of the elimination of the CFPB. If our President refuses to put people over profit, the NAACP will use every tool possible to put Americans first.”
The lawsuit comes after a series of drastic actions following the ouster of CFPB Director Rohit Chopra. President Trump replaced Chopra with Russell Vought, who immediately instructed staff not to perform any work tasks and ordered the closure of the agency’s headquarters, taking steps to cancel its lease. Vought also suspended all investigations, rulemaking, public communications, and enforcement actions. Keisha D. Bross, NAACP Director of Opportunity, Race, and Justice, said the organization maintains its commitment to restoring the bureau’s critical role in protecting consumers. “The CFPB is an agency of the people. From the protection from junk fees to fighting excessive overdraft fees, providing assistance to impacted victims of natural disasters, and holding predatory practices accountable, the NAACP stands firm in bringing back the CFPB,” Bross said. “The NAACP will fight to hold financial entities responsible for the years of inequitable practices from big banks and lenders.”
The lawsuit, filed alongside the National Treasury Employees Union (NTEU), the National Consumer Law Center, the Virginia Poverty Law Center, and the CFPB Employee Association, argues that the administration’s actions violate the Constitution and the Administrative Procedure Act. According to the complaint, the Trump administration has taken deliberate steps to dismantle the CFPB, including firing 70 employees via form email, canceling over $100 million in vendor contracts, and shutting down the agency’s consumer complaint system, which processes hundreds of thousands of cases monthly. The plaintiffs warn that these actions will leave millions of Americans defenseless against financial fraud and predatory lending practices. The lawsuit details the harm already inflicted by the agency’s closure. Among those affected is Rev. Eva Steege, an 83-year-old pastor with a terminal illness who was seeking student loan forgiveness through a CFPB-facilitated program. Her meeting with CFPB staff was abruptly canceled, leaving her without recourse to resolve her debt before passing.
The NAACP and other plaintiffs seek an immediate injunction to halt the administration’s actions and restore the CFPB’s operations. The legal challenge argues that the President has no unilateral authority to dismantle an agency created by Congress and that Vought’s appointment as acting director is unlawful. President Trump has made no secret of his desire to eliminate the CFPB, confirming last week that his administration was working to “totally eliminate” the agency. Tech billionaire Elon Musk, a key player in Trump’s “Department of Government Efficiency,” celebrated the move with a social media post reading “CFPB RIP.”
If successful, the lawsuit could force the administration to reinstate the agency and resume its enforcement actions against financial institutions accused of predatory practices. “Neither the President nor the head of the CFPB has the power to dismantle an agency that Congress established,” the plaintiffs argue. “With each day the agency remains shut down, financial institutions that seek to prey on consumers are emboldened—harming their law-abiding competitors and the consumers who fall victim to them.”
#NNPA BlackPress
Robert Kennedy and Healthcare. Is There Trust?
NNPA NEWSWIRE — Kennedy, an anti-vaxxer is the new face of healthcare in America. He was confirmed by the US Senate in a vote split along party lines, 52-48. Kentucky Republican Senator Mitch McConnell voted with Democrats opposing the nomination.
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By April Ryan
“When you erode trust you lose your democracy because it is based on trust,” according to Black Obama Administration Surgeon General Regina Benjamin. She is responding to the United States Senate’s confirmation of Robert Kennedy Jr. as the new Secretary of Health and Human Services. Kennedy, an anti-vaxxer is the new face of healthcare in America. He was confirmed by the US Senate in a vote split along party lines, 52-48. Kentucky Republican Senator Mitch McConnell voted with Democrats opposing the nomination. The Alabama-based former Surgeon General declares, “We’ve had anti-vaxxers for years, but they became prominent during COVID,” creating “new” trust issues.
From Benjamin’s professional understanding, “that’s when we started to see people not trust science,” loudly. Her position is that as health matters changed over time so did the medical responses. Controversy swirls around Kennedy’s anti-vaccination stance, however, he is lauded for his posture on preventative medicine. Benjamin is hopeful Kennedy will focus on prevention as she denotes it is “the key to solving many problems in our healthcare system.” When Benjamin was the nation’s top doctor from 2009 to 2013, the Obama administration released a national prevention strategy, which she deemed “a roadmap.” During that job, she worked to move Americans “from sickness and disease to one of health and wellness.” Benjamin is hopeful that this new administration will “focus more on prevention.”
One of the pressing issues Secretary Kennedy will face is the shortage of healthcare professionals. “We’ve had workforce issues for a long time. The number of doctors, the number of nurses and we don’t have enough to cover everyone.” Benjamin points out there are regional issues with a lack of healthcare professionals. “You see those decreases particularly in rural areas.” There is a short-term fix according to Benjamin, “We have to turn to telemedicine because we don’t have [enough] doctors.” She cautions, ” It will get worse before it gets better.” With February being American Heart Month, Benjamin recommends particularly for those in the Black community to “be as healthy as you can…so you can be resilient and respond to things.” She acknowledges that overall when it comes to our health and wellbeing, “we have to train ourselves where to go for trusted information.”
#NNPA BlackPress
American Heart Association Partners with the Black Press for Groundbreaking Black Health Symposium
NNPA NEWSWIRE — The event brought together leaders in healthcare and media, emphasizing the critical need for collaboration in addressing health disparities impacting Black Americans.
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By Stacy M. Brown
NNPA Newswire Senior National Correspondent
@StacyBrownMedia
For the first time, a major corporation has chosen to broadcast a significant health initiative exclusively through the Black Press of America. The American Heart Association (AHA) partnered with the National Newspaper Publishers Association (NNPA) to present “Changing the Future of Health for Black Communities: Public Health and Media Symposium,” a virtual event streamed live on NNPA’s YouTube channel as part of Black History Month. The NNPA is the trade association representing the more than 200 African-American-owned newspapers and media companies in the United States, which only known as are commonly known as the Black Press of America.
Initially planned as a hybrid event in Washington, D.C., the symposium transitioned to a fully virtual format due to inclement weather. The event brought together leaders in healthcare and media, emphasizing the critical need for collaboration in addressing health disparities impacting Black Americans. The panel featured distinguished health professionals, including Dr. Regina Benjamin, the 18th U.S. Surgeon General and founder of the Bayou Clinic; Dr. Keith Churchwell, president of the American Heart Association; and Katrina McGhee, AHA’s chief marketing officer. Media figures included Sharí Nycole, co-host at Reach Media; Dr. Benjamin Chavis Jr., NNPA president and CEO; and April Ryan, senior White House correspondent and Washington Bureau Chief for BlackPressUSA.com. Sybil Wilkes, the veteran journalist known for her role on The Tom Joyner Morning Show, moderated the discussion.
Black Health in Crisis
Dr. Churchwell laid out stark statistics highlighting the disproportionate impact of cardiovascular disease on Black Americans. “Cardiovascular disease remains the leading cause of death in the Black community,” Churchwell said. “Between 2017 and 2020, nearly 59 percent of Black men and women over the age of 20 had some form of cardiovascular disease, including coronary disease, stroke, and hypertension. In 2022 alone, almost 65,000 Black men and 59,000 Black women died from cardiovascular disease.” Hypertension remains one of the most prevalent health concerns. “The incidence of hypertension in the general population is 47 percent, but among Black men, it’s 57 percent, and among Black women, it’s 58 percent,” Churchwell said. “That’s the leading risk factor for heart disease and stroke.”
Dr. Benjamin emphasized that addressing these health disparities requires more than just medical intervention. “We’ve learned that to truly reduce and ultimately eliminate health disparities, we must address social determinants of health, such as poverty, education, and access to care,” Benjamin said. “Studies show that poverty and dropout rates are as important a health risk factor as smoking.” She stressed the necessity of prevention, adding, “Quality health outcomes depend on access to the right information, tools, and technology. But it also depends on communication—our patients understanding us, and us understanding them.”
Media’s Role in Shaping Black Health Outcomes
NNPA President Dr. Chavis underscored the Black Press’ role in disseminating accurate health information and combating misinformation. “We must recognize that Black media has the power to inform, educate, and sustain critical messaging about health,” Chavis said. “One-shot messaging doesn’t work. We must repeat these messages consistently to keep them in the consciousness of our community.” April Ryan pointed out how urgent the matter is in Black communities. “We are still the community with the highest number of negative health outcomes in almost every category,” Ryan said. “We need to continue this conversation beyond today. This isn’t about a news cycle—it’s about life and death.”
Sharí Nycole stressed that the media must inform and lead by example. “We can’t just tell people what to do—we have to model it,” Nycole said. “We need to be visible examples of prioritizing our health, whether through social media, community events, or personal engagement.”
CPR: Creating a “Nation of Lifesavers”
The symposium spotlighted the AHA’s Nation of Lifesavers campaign to ensure more Black families are equipped with CPR knowledge. The initiative gained national attention following Buffalo Bills player Damar Hamlin’s on-field cardiac arrest, which immediate CPR mitigated. “Nearly three out of four cardiac arrests that happen outside a hospital occur in the home,” McGhee said. “This means the life you save is likely someone you love. Yet Black people are the least likely to receive bystander CPR. That must change.” Churchwell pointed to a recent AHA study revealing that while bystander CPR rates have improved nationwide, Black women are the least likely to receive immediate CPR assistance. “This presents a massive opportunity for intervention,” Churchwell said. “More people need to be trained, and we need to break down whatever barriers are preventing Black women from receiving life-saving care when they need it most.”
A Call to Action
Chavis announced that the NNPA will make Black health a top editorial priority and extend coverage beyond Black History Month. “We cannot afford to lose a single day without focusing on healthcare,” Chavis said. “Health is not just an issue for February. It’s an issue for all 12 months, every single year.” Ryan asserted that it’s crucial to make health a communal effort. “We have to hold each other accountable,” she said. “Host CPR nights with your girlfriends, bring healthcare conversations to the barbershop, get cholesterol checks at your church health fair. These small changes can save lives.”
McGhee also urged action. “We need to move from awareness to action,” she said. “One person in every household should know CPR. If you don’t, today is the day to start. Visit heart.org/nation to learn more.”
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