An estimate from Yahoo Finance found that reparations could cost $17 Trillion dollars.
A new bill would calculate potential costs of reparations — and by Yahoo Finance estimates, these could reach as high as $17.1 trillion.
Last week, the House Judiciary Subcommittee on the Constitution, Civil Rights and Civil Liberties held the first hearing in a decade on H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act. The bill was first introduced in 1989 by former Congressman John Conyers (D-MI). Conyers reintroduced the bill each year until his retirement in 2017 — and each year, the bill languished in Congress.
The bill’s focus was not to pass reparations, but to research the impact slavery had on black Americans and develop proposals for redress.
This is an old article but one that is extremely important. The price of reparations is another extreme price tag. Americans that did nothing wrong would see a massive uptick in taxes.
Reparations are more than just a race-baiting political trick they are a destructive policy for Americans.
Burgess Owens: “I used to be a Democrat” then “found out the misery that that party brought to my race”
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