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Stacey Abrams on Budget & Economy

Democratic Gubernatorial Challenger (GA); 2020 Veepstakes contender

 


White family wealth: $142,000; black family wealth: $11,000

To maintain financial freedom, we must build wealth beyond our take-home pay or our homes. That means understanding the difference between income and wealth.

To put the gap in stark racial terms, in America in 2013, the average income per household was $81,000. But averages have highs and lows. When you disaggregate the numbers, white families average $142,000 in wealth, Latinos come in at $13,700, and black families come in the rear at $11,000. Asian Americans are closer to whites than other people of color, but they also are behind whites.

For women, the wealth gap manifests itself first in the wages women earn. Women are more likely to be underpaid more than for the same work, to be in careers where salaries lag behind, and face hidden tax prejudices that siphon off their money before it can be translated into wealth. The wage gap is real: in 2016, women working fulltime women were generally paid 80% of what men received.

Source: Lead from the Outside, by Stacey Abrams, p.115-6 , Mar 26, 2019

FactCheck: Tax bill might be "rigged" but economy doing well

Stacey Abrams, former candidate for Georgia governor, in the Democratic response to Trump's speech, said: "The Republican tax bill rigged the system against working people. Rather than bringing back jobs, plants are closing, layoffs are looming and wages struggle to keep pace with the actual cost of living.

THE FACTS: The economy is doing better after the introduction of the Trump administration's tax cuts than Abrams suggests. The number of people seeking unemployment benefits, a proxy for layoffs, briefly fell to a five-decade low last month. And average hourly pay is running ahead of inflation.

Source: A.P. Fact-Check on 2019 State of the Union address , Feb 6, 2019

Invest in community businesses

Small businesses employ more Georgians, and they can be started anywhere. As Governor, she will direct more economic development dollars to hometown businesses. Funds will be targeted to reach low-income communities and rural counties, and we will help Georgia businesses expand by offering access to capital.
Source: 2018 Georgia Gubernatorial website StaceyAbrams.com , Sep 1, 2017

Other governors on Budget & Economy: Stacey Abrams on other issues:
GA Gubernatorial:
David Perdue
Kandiss Taylor
Shane Hazel
Vernon Jones
GA Senatorial:
Allen Buckley
David Perdue
Derrick Grayson
Doug Collins
Ed Tarver
Gary Black
Herschel Walker
Jason Carter
Johnny Isakson
Jon Ossoff
Kelly Loeffler
Latham Saddler
Matt Lieberman
Raphael Warnock
Shane Hazel
Ted Terry
Teresa Tomlinson
Tom Price
Valencia Stovall
Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.State A.G. Daniel Cameron(R)

vs.Ambassador Kelly Craft(R)
vs.State Auditor Mike Harmon(R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Jeff Landry(R)
vs.Shawn Wilson(D)
vs.John Schroder(R)
vs.Sharon Hewitt(R)
MS: Incumbent Tate Reeves(R)
vs.Bill Waller(R,withdrew)
vs.Brandon Presley(D)

Gubernatorial Debates 2024:
DE: Gov. John Carney (D, term-limited);
vs. Lt. Gov. Bethany Hall-Long (D)
vs. County Exec. Matt Meyer (D)
vs. State Rep.Mike Ramone (R)
IN: Gov. Eric Holcomb (R, term-limited);
vs. Sen. Mike Braun (R)
vs. Suzanne Crouch (R, lost May 7 primary)
vs. Eric Doden (R, lost May 7 primary)
vs. Attorney General Curtis Hill (R, lost May 7 primary)
vs. Jennifer McCormick (D)
MO: Gov. Mike Parson (R, term-limited):
vs. Secretary of State Jay Ashcroft (R)
vs. State Senator Bill Eigel (R)
vs. Lt.Gov. Mike Kehoe (R)
vs. House Minority Leader Crystal Quade (D)
MT: Gov. Greg Gianforte (R)
vs. Ryan Busse (D)
vs. State Rep. Tanner Smith (R, lost June 4 primary)
Gubernatorial Debates 2024 (continued):
NC: Gov. Roy Cooper (D, term-limited);
vs. Lt.Gov. Mark Robinson (R)
vs. Attorney General Josh Stein (D)
vs. Treasurer Dale Folwell (R, lost March 5 primary)
vs. Justice Michael Morgan (D, lost March 5 primary)
vs. State Senator Andy Wells (R,withdrew)
vs. Rep.Mark Walker (R, withdrew)
ND: Gov. Doug Burgum (R, retiring)
vs. State Rep. Rick Becker (R)
vs. U.S.Rep. Kelly Armstrong (R)
vs. State Sen.Merrill Piepkorn (D)
NH: Gov. Chris Sununu (R, retiring)
vs. U.S.Sen. Kelly Ayotte (R)
vs. Mayor Joyce Craig (D)
vs. Acting Gov.Chuck Morse (R)
vs. Exec.Councilor Cinde Warmington (D)
UT: Gov. Spencer Cox (R)
vs. State Rep. Phil Lyman (R)
vs. Minority Leader Brian King (D)
VT: Gov. Phil Scott (R)
vs. Lt.Gov.David Zuckerman (D, withdrew)
vs. Selectman Peter Duval (D)
vs. Commissioner Esther Charlestin (D)
WA: Gov. Jay Inslee (D, retiring);
vs. Attorney General Bob Ferguson (D)
vs. U.S.Rep.Dave Reichert (R)
vs. State Sen. Mark Mullet (D)
vs. County Chair Semi Bird (R)
vs. Hilary Franz (D, withdrew to run for U.S.Rep.)
WV: Gov. Jim Justice (R, term-limited)
vs. WV Attorney General Patrick Morrisey (R)
vs. Huntington Mayor Steve Williams (D)
vs. WV State Auditor JB McCuskey (R, withdrew)
vs. WV Secretary of State Mac Warner (R, lost May 14 primary)
vs. State Del. Moore Capito (R, lost May 14 primary)
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