• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Byron Donalds slams San Francisco’s $5 million reparations proposal: ‘Patently unfair’
Economy

Byron Donalds slams San Francisco’s $5 million reparations proposal: ‘Patently unfair’

by January 17, 2023
by January 17, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

FIRST ON FOX: Florida Republican Rep. Byron Donalds slammed the city of San Francisco’s new reparations proposal giving longtime Black residents $5 million and wiping away their debt as ‘patently unfair.’

Donalds blasted the new proposal brought up by the coastal California city’s committee on reparations that would give the beneficiary residents a seven-figure payday and total debt forgiveness due to the decades of ‘systematic repression’ faced by the local Black community.

‘San Francisco’s reparations proposal is patently unfair and nothing but a distraction to cover for the incompetence of local Democratic leadership,’ Donalds told Fox News Digital on Tuesday.

‘Rather than focusing on lowering the cost of living, a historic homelessness crisis, the opioid epidemic, or even the record levels of crime plaguing their city, San Francisco’s Democratic city leadership would rather divide their constituents further under a pretense of racial equity,’ Donalds continued.

Donalds’ comments come as San Francisco weighs the reparations committee’s hefty proposal.

The San Francisco African American Reparations Advisory Committee, which advises the city on developing a plan for reparations for Black residents, released its draft report last month to address reparations – not for slavery, since California was not technically a slave state, but ‘to address the public policies explicitly created to subjugate Black people in San Francisco by upholding and expanding the intent and legacy of chattel slavery.’

‘While neither San Francisco, nor California, formally adopted the institution of chattel slavery, the tenets of segregation, white supremacy and systematic repression and exclusion of Black people were codified through legal and extralegal actions, social codes, and judicial enforcement,’ the draft states.

The draft plan includes a long list of financial recommendations for Black San Francisco residents, including a one-time, lump sum payment of $5 million to each eligible individual.

‘A lump sum payment would compensate the affected population for the decades of harms that they have experienced, and will redress the economic and opportunity losses that Black San Franciscans have endured, collectively, as the result of both intentional decisions and unintended harms perpetuated by City policy,’ the draft states.

To be eligible for the program, the applicant must be 18 years old and have identified as Black or African American on public documents for at least 10 years. They must also prove at least two of eight additional criteria, choosing from a list that includes, ‘Born in San Francisco between 1940 and 1996 and has proof of residency in San Francisco for at least 13 years,’ and/or, ‘Personally, or the direct descendant of someone, incarcerated by the failed War on Drugs.’

The plan also calls on the city to supplement lower-income recipients’ income to reflect the Area Median Income (AMI), about $97,000, annually for at least 250 years.

Meanwhile, President Biden attacked Republicans on Monday as being ‘fiscally demented.’

Donalds fired back at Biden during a Monday spot on ‘Jesse Watters Primetime’ where the Florida congressman and member of the House Financial Services Committee said the president ‘sounds utterly ridiculous.’

‘Look, everybody knows that during the COVID-19 pandemic, the federal government spent more money than it ever had to try to keep our economy, and better yet, the lives of the American people, afloat,’ Donalds said.

‘Now that COVID is gone, we’re actually regressing in terms of spending. That’s a good thing,’ the Florida congressman continued. ‘For him to take credit for it makes no sense at all, because he is the one who has plussed-up spending across the board and actually fights for returning to spending levels pre-COVID-19, which is, frankly, where we should be going.

‘So for him to make a statement like that, is because what he wants to do is keep all of the items he has ratcheted up spending in, he wants to keep those in place,’ he added. ‘As opposed to doing the smart thing, the responsible thing, the fiscally-sound thing, which is examining spending at the federal level so we can get our debt under control, our inflation under control — which he caused by the way — and let the American people thrive and prosper.’

Fox News Digital’s Jessica Chasmar contributed reporting.

Houston Keene is a politics writer for Fox News Digital.  Story tips can be sent to Houston.Keene@Fox.com and on Twitter: @HoustonKeene 

This post appeared first on FOX NEWS
You Might Also Like
  • Country music star releases song endorsing ‘America’s Governor’ DeSantis: ‘Never Back Down’
  • Johnson caught between warring House GOP factions: ‘Drifting toward mob rule’
  • Haley courts independents, Democrats as she aims to avoid a blowout to Trump on her home turf
  • Michelle Obama wore nearly $3K pantsuit to DNC while touting her parents were ‘suspicious’ of the wealthy
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Biden-era migrant crisis smashes another record as migrant encounters top 250,000 in December
next post
First on Fox: Pompeo’s secret trip to North Korea detailed in former secretary of state’s new memoir

You may also like

What’s next for Gov. DeSantis after second place finish in...

January 16, 2024

DeSantis says he would cancel student visas, deport foreign nationals...

October 22, 2023

Biden classified documents: Republicans react to DOJ seizing more secret...

January 22, 2023

Democrat Sen. Fetterman’s office releases update after he checks himself...

February 28, 2023

DeSantis says he would welcome bill to abolish ‘corrupt’ IRS:...

May 28, 2023

Palestinian Islamic Jihad spokesman reveals group’s Gaza propaganda playbook

April 14, 2024

Super Micro Stock Soars 65%; TQQQ Fluctuates

October 8, 2024

Nikki Haley dings DeSantis and Trump on US aid to...

March 15, 2023

President Biden’s first term foreign policy called a ‘fiasco’ by...

February 14, 2024

Scams targeting older Americans, most using AI, caused over $1...

November 19, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,450 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Ballot harvesting, poll watchers and more:...

    February 23, 2024

    Republican presidential candidate Ryan Binkley drops...

    February 28, 2024

    Trump-DeSantis jockeying: Some Iowa, N.H., Republicans...

    May 17, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here