Biden touts progress on racial wealth gap — that may come with more property taxes

President Joe Biden plans to tout his progress on closing the “racial wealth gap” Friday in a speech at the Rev. Al Sharpton’s National Action Network’s 2024 convention.

Biden is locked in a dead heat with former President Donald Trump ahead of the 2024 general election in November, and polling indicates that his popularity among black and Latino voters has slipped since entering office in 2021.

In his Friday speech, delivered remotely, the president will specifically point to new data published by the Federal Housing Finance Agency that show the “appraisal gap” shrinking by more than 40% since 2021. White House officials say that homes in predominantly black and Latino neighborhoods were “undervalued” compared to majority-white neighborhoods and that closing or outright eliminating the appraisal gap would close the racial wealth gap by 16% when comparing black and
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