WASHINGTON, D.C. – Cory Booker isn’t stopping at this plan to create accounts with “free” money for low income American kids.
The former defender of venture capitalism is going full-social justice in his quest for the presidency this week, introducing legislation to formally study reparations for the descendants of U.S. slaves.
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“Since slavery in this country, we have had overt policies fueled by white supremacy and racism that have oppressed African-Americans economically for generations,” Booker said in a statement issued by his Senate office. “Many of our bedrock domestic policies that have ushered millions of Americans into the middle class have systematically excluded blacks through practices like GI Bill discrimination and redlining. This bill is a way of addressing head-on the persistence of racism, white supremacy, and implicit racial bias in our country. It will bring together the best minds to study the issue and propose solutions that will finally begin to right the economic scales of past harms and make sure we are a country where all dignity and humanity is affirmed.”
There’s a companion bill in the Democrat-controlled House (HR40) sponsored by Rep. Sheila Jackson Lee (D-TX).
Recent estimates for the cost of reparation range from several trillion to $14 trillion.
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