Slavery reparations could carry a $17 trillion price tag

A new invoice would calculate potential prices of reparations — and by Yahoo Finance estimates, these could attain as excessive as $17.1 trillion.

Last week, the House Judiciary Subcommittee on the Constitution, Civil Rights and Civil Liberties held the primary listening to in a decade on H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act. The invoice was first launched in 1989 by former Congressman John Conyers (D-MI). Conyers reintroduced the invoice annually till his retirement in 2017 — and annually, the invoice languished in Congress.

The invoice’s focus was to not move reparations, however to analysis the affect slavery had on black Americans and develop proposals for redress.

The topic of reparations has remained a political sizzling potato, with presidential candidates Sen. Kamala Harris (D-CA), Sen. Cory Booker (D-NJ), Sen. Elizabeth Warren (D-MA), Beto O’Rourke and Julian Castro supporting some type of reparations. But whereas the Democratic-controlled House is prepared to listen to the invoice, it appears seemingly that a invoice on reparations will die within the Senate the place Republicans have a majority. When requested concerning the listening to, Senate Majority Leader Mitch McConnell (R-KY) stated he opposed the measure, provided that “not one among us at the moment dwelling are accountable” for slavery.

McConnell continued, including: “We’ve tried to cope with our unique sin of slavery by combating a civil struggle, by passing landmark civil rights laws. We elected an African-American president.”

Rep. Sheila Jackson Lee (D-TX), a sponsor of H.R. 40 — named after the 40 acres and a mule promised to freed slaves — responded to McConnell’s feedback in a assertion to Yahoo Finance.

“Payments are not the focus of H.R. 40,” the congresswoman stated. “Knowledge is the focus of H.R. 40.”

“The Majority Leader may want to deny this bill a hearing, but he cannot deny the horror and the denial of freedom that human bondage represents,” she stated. “The Majority Leader can’t deny the free labor that slavery brought; he can’t deny the people who died in transit; and he can’t deny that this is the 400th anniversary of the beginning of the slave trade.”

Read More Here