Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries California reparations payouts on hold, but state moves toward apology for slavery By: FOXNews.com May 17, 2024 at 19:00 PM EDT The California Assembly passed a bill on Thursday that will accept responsibility for "all of the harms and atrocities committed by the state." The bill now heads to the Senate. The California Senate held up plans to dole out reparations payouts to its citizens, but the Assembly voted to formally apologize for the state's role in slavery.The California Assembly passed a bill Thursday that will accept responsibility for "all of the harms and atrocities committed by the state" and will head to the Senate, the Los Angeles Times reported. AB 3089 was passed unanimously among Democrats, but some Republicans abstained from voting."It is undeniable that our systems of government have been complicit in the oppression of African Americans. ... California’s history is tarnished by the subjugation of Black people," Assembly Speaker Robert Rivas said in support of the bill, the LA Times reported. "It is a wound that still needs to heal."REPARATIONS MAKE INCREASINGLY LESS SENSE AS AMERICA GROWS MORE DIVERSE, THINK TANK REPORT ARGUES"Not only is the apology letter important … it's whether or not we go ahead and fulfill the dream of what my ancestors wanted, which is to fully make us part of the American dream," the author of the bill, California Assemblyman Reggie Jones-Sawyer, said on the assembly floor, the LA Times reported. California introduced a series of reparations bills in January that would give property tax and cash payouts to the descendants of slaves, but that plan was put on hold Thursday during the Senate fiscal process, with legislators citing the state's massive budget deficit, the LA Times reported.SAN FRAN REPARATIONS EFFORT STALLING DUE TO MONEY, LEGAL ISSUES, EXPERTS GRILL CITY FOR APOLOGY: ‘NOT ENOUGH’"The next couple of years will be difficult for the legislative and budget processes," said State Sen. Anna Caballero, a Democrat who chairs the Senate Appropriations Committee. "Finding balance will be critical to ensure that we can continue to make our government work efficiently and prudently."The controversial cash compensation proposal made headlines last year after the state's reparations task force, aimed at informing lawmakers on how to best implement reparations, recommended payments given to Black residents based on the type of historical discrimination their family faced. CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTUREBut that did not make it into the proposed bill, which made no mention of providing cash payment to descendants of slaves and others historically discriminated against by the government. BLACK AMERICANS ARE NOT ‘ENTHUSIASTIC’ ABOUT REPARATIONS, DON'T BELIEVE IT'S POLITICALLY FEASIBLE: REPORT"We know we build generational wealth through home ownership, and African Americans have been denied home ownership since the Emancipation Proclamation. Their freedom, it was about land," said Democratic state Sen. Steven Bradford, who authored two reparations bills that were held back.Assembly Republican Leader James Gallagher called slavery "a terrible stain on our history" but didn't support parts of the bill that said the state is still denying Black residents some rights and that police shootings are "state-sanctioned violence," the LA Times reported. "We have made tremendous progress toward a more equal society," Gallagher said. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
California reparations payouts on hold, but state moves toward apology for slavery By: FOXNews.com May 17, 2024 at 19:00 PM EDT The California Assembly passed a bill on Thursday that will accept responsibility for "all of the harms and atrocities committed by the state." The bill now heads to the Senate. The California Senate held up plans to dole out reparations payouts to its citizens, but the Assembly voted to formally apologize for the state's role in slavery.The California Assembly passed a bill Thursday that will accept responsibility for "all of the harms and atrocities committed by the state" and will head to the Senate, the Los Angeles Times reported. AB 3089 was passed unanimously among Democrats, but some Republicans abstained from voting."It is undeniable that our systems of government have been complicit in the oppression of African Americans. ... California’s history is tarnished by the subjugation of Black people," Assembly Speaker Robert Rivas said in support of the bill, the LA Times reported. "It is a wound that still needs to heal."REPARATIONS MAKE INCREASINGLY LESS SENSE AS AMERICA GROWS MORE DIVERSE, THINK TANK REPORT ARGUES"Not only is the apology letter important … it's whether or not we go ahead and fulfill the dream of what my ancestors wanted, which is to fully make us part of the American dream," the author of the bill, California Assemblyman Reggie Jones-Sawyer, said on the assembly floor, the LA Times reported. California introduced a series of reparations bills in January that would give property tax and cash payouts to the descendants of slaves, but that plan was put on hold Thursday during the Senate fiscal process, with legislators citing the state's massive budget deficit, the LA Times reported.SAN FRAN REPARATIONS EFFORT STALLING DUE TO MONEY, LEGAL ISSUES, EXPERTS GRILL CITY FOR APOLOGY: ‘NOT ENOUGH’"The next couple of years will be difficult for the legislative and budget processes," said State Sen. Anna Caballero, a Democrat who chairs the Senate Appropriations Committee. "Finding balance will be critical to ensure that we can continue to make our government work efficiently and prudently."The controversial cash compensation proposal made headlines last year after the state's reparations task force, aimed at informing lawmakers on how to best implement reparations, recommended payments given to Black residents based on the type of historical discrimination their family faced. CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTUREBut that did not make it into the proposed bill, which made no mention of providing cash payment to descendants of slaves and others historically discriminated against by the government. BLACK AMERICANS ARE NOT ‘ENTHUSIASTIC’ ABOUT REPARATIONS, DON'T BELIEVE IT'S POLITICALLY FEASIBLE: REPORT"We know we build generational wealth through home ownership, and African Americans have been denied home ownership since the Emancipation Proclamation. Their freedom, it was about land," said Democratic state Sen. Steven Bradford, who authored two reparations bills that were held back.Assembly Republican Leader James Gallagher called slavery "a terrible stain on our history" but didn't support parts of the bill that said the state is still denying Black residents some rights and that police shootings are "state-sanctioned violence," the LA Times reported. "We have made tremendous progress toward a more equal society," Gallagher said. Related Stocks: Fancamp Exploration Ltd