During the debate between former President Donald Trump and Vice President Kamala Harris, the vice president cited Trump’s comments about protests in Charlottesville, Virginia in 2017, accusing him of a racist history. attacked Trump.

My intent here is not to defend Mr. Trump on some of his statements regarding race, which may be interpreted by some as offensive.

I’m here to consider whether the Trump administration or the Biden-Harris administration has a better track record and better rhetoric when it comes to promoting economic opportunity and empowerment for Black people and minorities. It is.

In my recently published book—“Trump economic miracle” co-authored with Arthur Laffer — we’ve covered everything from enacting a right to try for chronically ill Americans who want to try potentially lifesaving new treatments, to achieving energy independence to developing an economic boom. I point out the many accomplishments of President Trump’s first term. Peace all over the world.

But perhaps his most impressive accomplishment was improving the standard of living for minority Americans.

Under former President Barack Obama and current President Joe Biden, minorities made little progress and fell behind in some ways. Under Donald Trump’s administration, fiscal and economic improvements have been impressive. The chart below shows the latest census data on median income. Under the Trump administration, black Americans saw their incomes nearly double, and Asians and Hispanics saw their incomes increase five times.

When looking at weekly family incomes, blacks and Hispanics’ incomes have declined, while their average incomes have increased by about $5,000 under the Trump administration.

The main reason for the significant improvement in the living standards of minorities is that the cumulative inflation rate was much lower under the Trump administration (8%) than under the Biden administration (20%). Minorities are crushed by rising gas, food, and housing prices. (Related: Stephen Moore: Biden-Harris has a sixth sense, the economy is in trouble – they’re probably right)

However, Mr. Trump’s income performance among minorities exceeded Mr. Obama’s even on an annual basis. Mr. Obama has been president (so far) for four years, compared to eight years for Mr. Obama.

But that’s not all. Under the Trump administration, poverty among blacks and Hispanics has fallen to record levels.

Mr. Trump’s policies were also better for blacks and Hispanics than those of Mr. Obama, America’s first black president.

Unemployment rates for blacks and Hispanics also hit record lows under the Trump administration, but they have fallen this year under the Biden administration. Black and Hispanic homeownership rates also reached record highs under the Trump administration, and those rates remain below Trump’s highest levels.

It turns out that President Trump’s tax cuts, energy policies, and deregulation efforts have benefited people of all incomes and ethnicities, not just the wealthy. For example, in an average household, Saw President Trump’s deregulation resulted in savings of about $10,000, but under President Biden’s reregulatory policies, the cost is expected to be more than $40,000 (on a lifetime basis).

Finally, there is one point that President Trump should emphasize. The most important civil rights issue of our time to improve lifetime economic opportunities for black and Hispanic children, especially those in inner-city neighborhoods, is the ability of parents to send their children to better schools. It’s a choice. President Trump strongly supports this. Biden and Harris strongly oppose it, largely because they care more about teacher unions than minority kids.

In other words, if racial discrimination means inhibiting the economic development of minorities, then everything the media reports is wrong. Polls show Trump gaining support among black and Hispanic voters. But about 80% of blacks say they will still vote for Harris.

Even if you vote with your wallet and vote on who is best for your child’s financial future, you may change your mind.

Stephen Moore is a visiting senior fellow at the Heritage Foundation and co-author of the new book, The Trump Economic Miracle.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

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