Black residents in San Francisco could receive a life-changing amount of money in the form of reparations if a plan backed by the city's Board of Supervisors gets enacted.
The board voiced support for the city's reparations committee's recommendation to pay eligible Black adult residents $5 million and also recommended eliminating personal debt, tax bills, and instituting guaranteed yearly incomes starting at $97,000 for the next 250 years, according to the Associated Press.
There are estimated less than 50,000 Black residents living in San Francisco, only 6 percent of the current population.
Like other such plans explored around the country to improve Black generational wealth, it received some pushback from the local community.
"Those of my constituents who lost their minds about this proposal, it's not something we're doing or we would do for other people. It's something we would do for our future, for everybody's collective future," said Rafael Mandelman, San Francisco supervisor.
While the board said it was open to the reparations proposal in an effort to atone for slavery and institutionalized racism, some supervisors have said the city cannot afford major reparations payments. Lee E. Ohanian, a professor with Stanford University's Hoover Institution, estimated that the plan could cost non-Black families at least $600,000 per household.
"This conversation we're having in San Francisco is completely unserious. They just threw a number up, there's no analysis," said John Dennis, chair of the San Francisco Republican Party.
President Joe Biden is declaring he's confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.
Florida is banning gender affirming care for minors among a series of anti-LGBTQ+ bills signed by Republican Gov. Ron DeSantis. DeSantis chose a Christian school Wednesday to sign the bills.
An unknown man managed to slip undetected inside the home of White House national security adviser Jake Sullivan, according to two people familiar with the incident. The U.S. Secret Service is investigating.
Legislation banning most abortions after 12 weeks of pregnancy is becoming law in North Carolina after the state’s Republican-controlled General Assembly successfully overrode the Democratic governor’s veto.
New York Expands Regulations for Adult-Use Marijuana Dispensaries
Allies of former Vice President Mike Pence are launching a new super PAC to support his expected candidacy for the 2024 Republican presidential nomination.
The U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordable clean energy to rural communities throughout the country.
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday.
The head of the artificial intelligence company that makes ChatGPT will testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology.
Florida Gov. Ron DeSantis on Monday signed a bill that blocks public colleges from using federal or state funding on diversity programs, addressing a concern of conservatives ahead of the Republican governor's expected presidential candidacy.
Load More