Chicago, IL – Today, Heather McGhee, president of Demos, spoke during the Opening Session of the inaugural Obama Foundation Summit, a gathering of civic leaders in Chicago. The following are her remarks, as prepared for delivery. The economy is not the weather. Economic news may come to us like a

The wealth slide is ending for black families

The Republican tax plans are fundamentally about making the super-wealthy wealthier.

Many Americans believe that we have achieved black-white racial economic equality, but the data continue to show that we have a long way to go. For centuries, we have had policies to help white families build wealth at the expense of black families.

The Congressional Black Caucus budget should be implemented because it calls for racial equity in future infrastructure and investments; improving public transit infrastructure, noting that people of color are heavy users of it; and school infrastructure, saying that modernized buildings held reduce

New York City Mayor Bill de Blasio’s proposal for a “fair fix” tax is an exciting development.

The top three economic issues for young people are debt-free public college, paid family and medical leave and a higher minimum wage (followed closely by affordable childcare).

NEW YORK, NY – In response to the “Better Deal” proposal that Congressional Democrats laid out today, Tamara Draut, Vice President of Policy and Research at Demos, released the following statement:

Prominent liberals, who have been nudging the party in this direction for years, mostly welcomed the rebranding effort.

Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.