Dems propose ‘baby bonds’ to close the racial wealth gap: ‘Black lives and Black wealth matter’

House and Senate Democrats this week proposed a bill that would instruct the federal government to give anyone born in the U.S. after 2005 a $1,000 “seed savings account,” and then make contributions to that account until they are 18 – a plan sponsors say is aimed at closing America’s “racial wealth gap.”

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