"Harriet Tubman never actually freed the slaves. She just had the slaves work for other white people," he said at one point when discussing economic inequality.
He said he would run under a new banner - the Birthday Party.
It is unclear if West, who is also known for his marriage to reality TV star Kim Kardashian West, has filed any official paperwork to appear on state election ballots.
While West may be entering his name in the race only months away from November 3, he has already received his first celebrity endorsement: Elon Musk.
Rapper Kanye West created a college savings plan to fully fund Gianna's college tuition when she turns 18.
The couple now have four children.
The poem skewers Kanye and Jay-Z for comparing themselves to historical icons.
The event was billed as a lunch at the White House to discuss prison reform, jobs for African-Americans and Chicago violence.
Suchard, a Haifa native and a fixture on US daytime and late night talk shows, was part of the entertainment at West's 41st birthday party earlier this week.
The rapper was booed in November when he declared his support for Trump.