More than a dozen House Republicans proposed a bill last week that would eliminate the Treasury Department’s new Advisory Committee on Racial Equity, a Treasury group formed to bolster “equity efforts,” but Republicans say a “grotesque” attempt to impose a wide diversity quota in the economy.
“Right now, hard-earned taxpayer dollars are being spent by the Treasury Department to advance the exclusionary and racist DEI ideology of the Biden administration,” said bill sponsor Rep. Andy Ogles, R-Tenn., referring to the administration’s support for a “diversity, equity and inclusion” ideology.
“The president is so focused on pitting people against each other based on race, he turns a blind eye to the failure of woke businesses and private sector banks,” Ogles said in a statement. “My legislation would eliminate the ridiculous 25-member committee on ‘racial equality’ that currently exists in the Treasury Department. The American people deserve an Executive that is committed to enacting sound fiscal policy, not on the difference in quotas.”
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The Treasury created the committee late last year and said its task was to “identify, monitor and evaluate aspects of the domestic economy that have directly and indirectly resulted in unfavorable conditions” for minorities. Late last year, Treasury Secretary Janet Yellen said the committee would contribute to policies aimed at reflecting “America’s diversity in our workforce.”
“A critical part of implementing our racial equity goals is bringing a wide range of outside perspectives and lived experiences to the decision-making table,” he said in October. “The Treasury Advisory Committee on Racial Equity, comprised of members with broad backgrounds and expertise, will provide valuable insight and advice to leadership across the department to strengthen and inform our equity efforts.”
Ogles and other Republicans say the committee reflects the kind of “woke” social agendas that distract companies from their core mission and amounts to a government attempt to inject politics and racial division into the private sector. sector. Ogles’ bill to kill the committee was called the “Go Woke, Go Broke” act.
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“The Treasury Department plays an important role in our financial markets by setting economic and fiscal policy priorities,” said Grover Norquist, President of Americans for Tax Reform. “Unfortunately, the creation of Treasury’s woke racial equity committee will push the department toward more politically biased decision-making.”
Conservative Political Action Coalition Chairman Matt Schlapp said the committee shows the Biden administration would prefer to focus on the “far-left activist agenda” rather than issues like inflation, and said his group supports the bill as a way of ensuring the Treasury “will no longer waste our tax dollars to pursue vigilante goals.”
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Republicans have opposed the committee since its creation last year, particularly because of positions taken by its leaders. The committee’s vice chair, Felicia Wong, is also president of the Roosevelt Institute, which has supported the idea of making racial justice a central issue for all areas of government.
A report from Wong released in 2021 argued that “all policies, from vaccine distribution to higher education funding to tax reform, will have racialized effects. Recognizing this fact , and always considering race in policy design, is therefore important.”
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His report added that the “promise of opportunity” was insufficient and that the goal of racial equality “required a redistribution of resources.”