California is moving closer to determining what eligible Black residents are owed for generations of discriminatory practices, a key step toward potentially becoming the largest US jurisdiction to …
California is moving closer to determining what eligible Black residents are owed for generations of discriminatory practices, a key step toward potentially becoming the largest US jurisdiction to pay out billions of dollars in reparations.
California’s task force has yet to say who would pay these sums. After years of budget surpluses, the state’s financial fortunes are turning, with a projected $22.5 billion budget deficit. The technology sector is laying off workers, stock market declines are hurting the incomes of top earners who pay a large share of taxes, and the state already has some of the highest taxes in the nation.
One of the most difficult questions the task force faces is how to define the historical period for measuring harms experienced by Black residents in a state where slavery was never legal. And they’ll need to show how the reparations and policy changes will reduce the persistent racial wealth gap, which has left US White families with roughly six times more wealth than Black families.
The chair of California’s panel, Kamilah Moore, earlier this year tweeted a news story recounting proposals to fund reparations that included adding mansion or estate levies or offering tax credits.
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