Harris announces economic proposals for Latinos in interview on Noticias Telemundo

The vice president Kamala Harris announced this Tuesday in an interview with Noticias Telemundo her new economic proposals that would benefit Latinos to “expand opportunities by investing in small businesses and entrepreneurs, and professional development,” if she is elected in November.

Their proposals, as Harris explained, seek reduce the costs of living, in general, and get more people to own their own homesby creating benefits for first-time homebuyers and expanding job opportunities.

“Latinos have dreams and hopes but not necessarily access,” Vice President Harris told journalist Julio Vaqueiro in conversation from Washington, DC “Latino voters understand that they want a president who invests in their dreams. I understand working people, I understand the dreams that people have for their children and that they are willing to work hard to achieve them (…) We have to create opportunities.”

“Latinos, like everyone else, are concerned about reducing the cost of food, the daily cost of living,” Harris said Tuesday. “I think of the Latino community in terms of the extraordinary ambition, the aspirations, the dreams that exist in the community.”

Some of Harris’ proposals include, for example, doubling training programs as apprenticeships and eliminate unnecessary college degree requirementswhich according to his campaign would benefit 2 million workers.

• Expand training models that lead to higher-paying jobs for Latino menand partner with companies, unions, colleges communities, organizations like UnidosUS, religious groups, and Hispanic institutions to achieve this.
• Eliminate unnecessary college degree requirements for Latino men for 500,000 federal jobs. Harris’ campaign says it will work with the private sector to accomplish the same thing there.
• Expand innovative partnerships with 1,000 high schools to enable hundreds of thousands of students to start working toward a good career while in high school, whether through a guaranteed job with a partner employer or a head start on earning a college or technical degree.
• Invest in programs and organizations that train and hire veterans. In a press release via email, the Harris campaign estimates that this will benefit the more than 1.5 million Latino veterans and 240,000 active duty members of the US Armed Forces.
• Allow those who work in construction and are registered as apprentices (of whom, the campaign says, 30% are Latino) to deduct the cost of their tools and equipment.
• Increase startup financing for Latino men starting or expanding their own businesses with one million loans of up to $20,000 for Latino entrepreneurs and interest-free loans with deferred payments to help them expand their businesses.

“Latino men have difficulty accessing large loans from banks,” Harris stated in the interview, “So I am focused on bringing more capital to the community banks to be able to make those loans.”

Another of the proposals that Harris shared in the interview is related to facilitate access to housing.

Harris says he plans build three million new affordable homeswhich ensures that it would reduce the cost of renting and buying a home.

The goal that began in the campaign is double the number of Latino homeownersfrom 300,000 to 600,000. Less than 50% of Latino households own their own homesalmost 25 points less than the whites.

To reach that goal, Harris has said that will provide $25,000 in down payment assistance to those who buy a home for the first time.

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