{"id":921908,"date":"2021-10-25T19:29:21","date_gmt":"2021-10-25T23:29:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=921908"},"modified":"2021-10-25T19:29:23","modified_gmt":"2021-10-25T23:29:23","slug":"treasury-department-appoints-first-counselor-for-racial-equity","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-department-appoints-first-counselor-for-racial-equity\/","title":{"rendered":"Treasury Department Appoints First \u2018Counselor For Racial Equity\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftreasury-department-appoints-first-counselor-for-racial-equity%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=921908&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"p2\">Treasury Secretary Janet Yellen revealed the department\u2019s first \u201cCounselor for Racial Equity\u201d on Monday, announcing the appointment of Janis Bowdler.&nbsp;<\/p>\n<p class=\"p2\">A <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy0431\">press release<\/a> indicated Bowdler \u201cwill be charged with coordinating Treasury\u2019s efforts to advance racial equity including engaging with diverse communities throughout the country and to identify and mitigate barriers to accessing benefits and opportunities with the Department.\u201d<\/p>\n<p class=\"p2\">The department described Bowdler\u2019s resume, noting that \u201c[m]ost recently, Janis served the President of the JPMorgan Chase &amp; Co. Foundation. Under her leadership, the firm launched several critical initiatives that have expanded capital for entrepreneurs of color, improved access to banking products and services, expanded access to new job skills, and built more inclusive neighborhoods. Janis played a critical role in developing the firm\u2019s incremental $30 billion racial equity commitment.\u201d&nbsp;<\/p>\n<p class=\"p2\">\u201cThe American economy has historically not worked fairly for communities of color. The pandemic threw a spotlight on this inequity; people of color were often the first to lose their jobs and businesses. Treasury must play a central role in ensuring that as our economy recovers from the pandemic, it recovers in a way that addresses the inequalities that existed long before anyone was infected with COVID-19,\u201d said Secretary Janet Yellen. \u201cI\u2019m excited that Janis will join us and devote her efforts to that mission.\u201d&nbsp;<\/p>\n<p class=\"p2\">\u201cI could not be more humbled by the historic opportunity to serve as the U.S. Department of the Treasury\u2019s first Counselor for Racial Equity,\u201d said Bowdler. \u201cI have spent my entire career working in solidarity with Black, Latinx, AAPI, Native communities, and other communities of color to dismantle the structural and institutional racism that perpetuates the racial wealth divide.\u201d<\/p>\n<p class=\"p2\">\u201cAddressing racial and gender disparities&nbsp;and giving underserved communities greater access to opportunities creates more broadly shared prosperity for all. Thank you to Secretary Yellen for entrusting me with this position to help contribute to the Biden Administration\u2019s commitment to centering racial equity in its work,\u201d Bowdler added.&nbsp;<\/p>\n<p class=\"p2\">Yellen came under harsh criticism on Monday after she stated over the weekend that Senate Democrats are looking into imposing a tax on unrealized capital gains of the richest Americans.&nbsp;<\/p>\n<p class=\"p2\">As The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/treasury-secretary-janet-yellen-democrats-considering-to-impose-a-tax-on-unrealized-capital-gains\">reported<\/a>, \u201cYellen made the remarks in response to a question from Tapper about whether a wealth tax should be part of how Democrats look to pay for Biden\u2019s $3.5 trillion social spending bill.\u201d<\/p>\n<p class=\"p2\">\u201cWell, I think what\u2019s under consideration is a proposal that Senator Wyden and the Senate Finance Committee have been looking at that<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen revealed the department\u2019s first \u201cCounselor for Racial Equity\u201d on Monday, announcing the appointment of Janis Bowdler.\u00a0A press release indicated Bowdler \u201cwill be charged with coordinating Treasury\u2019s efforts to advance racial equity including engaging with diverse communities throughout the country and to identify and mitigate barriers to accessing benefits and opportunities with the Department.\u201dThe department described Bowdler\u2019s resume, noting that \u201c[m]ost recently, Janis served the President of the JPMorgan Chase &#038; Co. Foundation. Under her leadership, the firm launched several critical initiatives that have expanded capital for entrepreneurs of color, improved access to banking products and services, expanded access to new job skills, and built more inclusive neighborhoods. Janis played a critical role in developing the firm\u2019s incremental $30 billion racial equity commitment.\u201d\u00a0\u201cThe American economy has historically not worked fairly for communities of color. The pandemic threw a spotlight on this inequity; people of color were often the first to lose their jobs and businesses. Treasury must play a central role in ensuring that as our economy recovers from the pandemic, it recovers in a way that addresses the inequalities that existed long before anyone was infected with COVID-19,\u201d said Secretary Janet Yellen. \u201cI\u2019m excited that Janis will join us and devote her efforts to that mission.\u201d\u00a0\u201cI could not be more humbled by the historic opportunity to serve as the U.S. Department of the Treasury\u2019s first Counselor for Racial Equity,\u201d said Bowdler. \u201cI have spent my entire career working in solidarity with Black, Latinx, AAPI, Native communities, and other communities of color to dismantle the structural and institutional racism that perpetuates the racial wealth divide.\u201d\u201cAddressing racial and gender disparities\u00a0and giving underserved communities greater access to opportunities creates more broadly shared prosperity for all. Thank you to Secretary Yellen for entrusting me with this position to help contribute to the Biden Administration\u2019s commitment to centering racial equity in its work,\u201d Bowdler added.\u00a0Yellen came under harsh criticism on Monday after she stated over the weekend that Senate Democrats are looking into imposing a tax on unrealized capital gains of the richest Americans.\u00a0As The Daily Wire reported, \u201cYellen made the remarks in response to a question from Tapper about whether a wealth tax should be part of how Democrats look to pay for Biden\u2019s $3.5 trillion social spending bill.\u201d\u201cWell, I think what\u2019s under consideration is a proposal that Senator Wyden and the Senate Finance Committee have been looking at that would impose a tax on unrealized capital gains, on liquid assets held by extremely wealthy individuals, billionaires,\u201d Yellen responded. \u201cI wouldn\u2019t call that a wealth tax. But it would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals, and right now escape taxation, until they\u2019re realized, and often they\u2019re unrealized in the death benefit from a so- called step up of basis.\u201d\u00a0\u201cSo, it\u2019s not a wealth tax, but a tax on unrealized capital gains of exceptionally wealthy individuals,\u201d she added.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-921908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/921908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=921908"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/921908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=921908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=921908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=921908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}