• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
PoliticsNew York

New York state to study reparations, saying slavery was not just ‘a product of the South, the Confederacy’

By
Maysoon Khan
Maysoon Khan
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Maysoon Khan
Maysoon Khan
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 20, 2023, 7:52 AM ET
Kathy Hochul
This image from video provided by the Office of The Governor shows New York Gov. Kathy Hochul signing a bill in New York, Tuesday, Dec. 19, 2023, to create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state, joined by, standing from left: Dr. Yohuru Williams, Founding Director of the Racial Justice Initiative at the University of St. Thomas; Andrea Stewart-Cousins, Majority Leader of the NY State Senate; Michaelle Solages, NY State Assembly Woman; Rev. Al Sharpton; Carl Heastie, Speaker of the NY State Assembly; James Sanders, NY State Senator.Office of the Governor via AP

New York state will create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state, under a bill signed into law by Gov. Kathy Hochul on Tuesday.

It comes at a time when many states and towns throughout the United States attempt to figure out how to best reckon with the country’s dark past, and follows in the footsteps of similar task forces established in California and Illinois.

“In New York, we like to think we’re on the right side of this. Slavery was a product of the South, the Confederacy,” Hochul, a Democrat, said at the bill signing ceremony in New York City. “What is hard to embrace is the fact that our state also flourished from that slavery. It’s not a beautiful story, but indeed it is the truth.”

The law, which was passed by state lawmakers in June, says the commission will examine the institution of slavery, which was fully abolished in New York by 1827, and its ongoing impact on Black New Yorkers today.

“The battle for civil rights was not below the Mason–Dixon line. The largest port of slave trade was in Charleston, South Carolina and Wall Street, New York,” said the Rev. Al Sharpton, who spoke at the signing ceremony. “So this today starts a process of taking the veil off of northern inequality and saying we must repair the damage and it can be an example for this nation.”

The nine-member commission will be required to deliver a report a year after its first meeting. Its recommendations could potentially include monetary compensation but would be non-binding. The panel’s findings are intended to spur policy changes, programs and projects that attempt to remedy slavery’s harmful effects.

The idea of using public money to compensate the descendants of enslaved people is almost certain to draw a backlash from some, including some white people who don’t believe they should have to pay for the sins of long-ago ancestors, and other ethnic groups that weren’t involved in the slave trade.

Sharpton said he expected Hochul to pay a political price for convening the commission.

“I want to give credit to this governor for having the audacity and courage to do what others wouldn’t do. And I know she had to wrestle with it. And I know her political advisors told her it’s too risky,” the famed civil rights activist said. “But she did it because it’s right.”

The governor and the legislative leaders of the state Assembly and Senate will each appoint three qualified members to the commission. They have 90 days to make their picks.

“This is not just about who we’re going to write a check to, and what the amount is,” said Democratic Assembly Speaker Carl Heastie, the first Black person to hold the position.

“It begins the conversation with one recognizing the issues that affected Black people and descendants of slaves in this state,” he said.

State Senate Republican Leader Rob Ortt said in a statement that he believes New York’s recommendations will come at an “astronomical cost” to all New Yorkers.

“The reparations of slavery were paid with the blood and lives of hundreds of thousands of Americans who fought to end slavery during the Civil War,” he said. He added that it’s unrealistic for states to meet the potentially expensive price tag that could come with cash reparations.

California in 2020 became the first state to create a reparations task force. The group handed its two-year report to state lawmakers in June, who then introduced a bill that would create an agency to carry out some of the panel’s more-than 100 recommendations, including helping families with genealogical research. But turning those proposals into policies could be difficult, given the state is facing a heavy budget deficit.

Other states, including Massachusetts and New Jersey, have considered studying reparations, but none have yet passed legislation. A Chicago suburb in Evanston, Illinois, became the first city to make reparations available to Black residents through a $10 million housing project in 2021.

Cornell William Brooks, a professor at the Harvard Kennedy School who teaches civil rights and researches the economics of reparations, said state-led initiatives similar to New York’s are crucial for reaching national reconciliation and repair.

“States and municipalities cannot solve a national problem by themselves, but they can be a means by which we reach a national solution,” he said.

The U.S. Congress apologized to African Americans for slavery in 2009, but a federal proposal to create a commission studying reparations has long stalled.

The legislation establishing the New York commission notes that the first enslaved Africans arrived at the southern tip of Manhattan Island, then a Dutch settlement, around the 1620s and helped build the infrastructure of New York City — “including the wall that gives Wall Street its name.”

New York City Mayor Eric Adams on Tuesday expressed support for the measure, noting that some venerable institutions in New York, as elsewhere, are tied to wealth that derived from exploiting the labor of enslaved people.

“We have to reckon with that,” Adams, a Democrat and former state senator, said during a City Hall news conference.

___

Associated Press writers Jennifer Peltz in New York and Sophie Austin in Sacramento, California contributed to this story.

___

Maysoon Khan is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Maysoon Khan
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck but Trump was not affected
Europegun violence
Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck but Trump was not affected
By Darlene Superville, Alanna Durkin Richer and The Associated PressMay 23, 2026
9 hours ago
Ukrainian drone attack causes fire at Russian oil terminal used for exports as Kyiv expands long-range strike capabilities
PoliticsRussia
Ukrainian drone attack causes fire at Russian oil terminal used for exports as Kyiv expands long-range strike capabilities
By The Associated PressMay 23, 2026
11 hours ago
U.S. reaches limit of sanctions power in targeting Iran’s economy
PoliticsIran
U.S. reaches limit of sanctions power in targeting Iran’s economy
By Magdalena Del Valle and BloombergMay 23, 2026
11 hours ago
Trump’s 3,711 trades point to multiple stock-market strategies
InvestingDonald Trump
Trump’s 3,711 trades point to multiple stock-market strategies
By Justina Lee, Vivien Ngo, Elena Popina, Matthew Griffin and BloombergMay 23, 2026
12 hours ago
As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz — ‘it makes one wonder why the war started to begin with’
PoliticsIran
As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz — ‘it makes one wonder why the war started to begin with’
By Jason MaMay 23, 2026
12 hours ago
Trump says a deal with Iran that would reopen the Strait of Hormuz has been ‘largely negotiated’
PoliticsIran
Trump says a deal with Iran that would reopen the Strait of Hormuz has been ‘largely negotiated’
By Munir Ahmed, Samy Magdy, Matthew Lee and The Associated PressMay 23, 2026
13 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
3 days ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
2 days ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
2 days ago
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
Investing
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
By Shawn TullyMay 23, 2026
1 day ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
7 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.