Newsom retaliates against Abbott’s plan to prohibit federal bailouts for ‘any’ state.

Gov. Gavin Newsom Fires Back at Gov. Greg Abbott Over Federal Bailouts

California Governor Gavin Newsom, a Democrat, didn’t hold back in his response to Texas Governor Greg Abbott, a Republican, on Wednesday. Abbott had shown support for a proposal by a Republican House member to ban federal bailouts for states that provide reparations to their residents.

In a tweet, Newsom shared a graphic that highlighted how Republican states actually receive more federal government funds than Democrat states. The graphic, sourced from MoneyGeek, revealed that seven out of ten states most dependent on federal government funds are considered red states.

Abbott’s Stance on Federal Bailouts

Abbott also took to Twitter to express his belief that “every state must live within its means.” He proudly stated that Texas has the largest budget surplus in the United States and argued that Americans shouldn’t be forced to bail out states that can’t manage their finances.

Abbott’s tweet was in response to a Fox News article about Rep. Brian Babin’s proposed bill, the No Bailouts for Reparations Act. The bill aims to block federal loans for states and cities that implement reparations programs.

The California Reparations Task Force

In 2020, California established a reparations task force to explore potential reparations for black Californians who are descendants of slaves. The task force recently released its preliminary report, which includes several recommendations.

Experts estimate that the cost of reparations could reach $800 billion. A proposed draft suggests that black residents who are 71 years old or older and have lived in California could receive payments of up to $1.2 million.

The task force is scheduled to hold its final meeting this week and will present its final plan to the state legislature before the July deadline.

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