4.5 • 808 Ratings
🗓️ 20 May 2025
⏱️ 7 minutes
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In yesterday's podcast, we brought you the history of how a white mob devastated Tulsa's Greenwood District during the 1921 Tulsa Race Massacre. Afterward, Black residents rebuilt and flourished, but what would come next would largely destroy the neighborhood — and much of its wealth — for good: the construction of the I-244 highway. But first, President Donald Trump is headed to Capitol Hill to get the GOP tax bill over the finish line.
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0:00.0 | The racial wealth gap in the U.S. has grown wider. |
0:05.5 | From Marketplace, I'm Sabri Beneshore in for David Bruncacchum. |
0:08.6 | First up, President Donald Trump is headed to Capitol Hill this morning to try to get the big GOP tax bill over the finish line. |
0:15.0 | It would, among other things, extend the 2017 tax cuts and increased defense and border security spending. |
0:22.3 | Trump is scheduled to address House Republicans who are having trouble ironing out their differences. Marketplaces, Nancy Marshall |
0:27.0 | Gensar, has more. President Trump has to convince two very different groups of Republicans to |
0:32.7 | compromise and vote for the bill. In one corner, there are the hardliners. They want to partly pay for the tax |
0:38.5 | breaks with cuts to Medicaid. They want to speed up work requirements for some Medicaid recipients |
0:44.0 | and change the formula that determines how much the federal government pays states for Medicaid. |
0:49.6 | In the opposite corner, moderate Republicans. They're worried their constituents would be kicked off of |
0:55.1 | Medicaid. Blue state moderates want a cap on the deductibility of state and local taxes to be raised. |
1:01.9 | The House Rules Committee has scheduled an unusual 1 AM hearing for tomorrow to consider changes to the bill. |
1:09.0 | That's designed to tee the legislation up for a full House vote before Memorial Day. |
1:14.0 | Once the bill finishes, it's long slog through the House. It heads to the Senate, which is expected to make its own changes. |
1:21.4 | Some Republican senators have already said they won't vote for the House version. I'm Nancy Marshall Genser for Marketplace. |
1:41.0 | The killing of George Floyd five years ago drew attention to racial inequality in the U.S. |
1:47.0 | And since then, the wealth gap between black and white Americans has actually widened. |
1:51.0 | The median black family now holds about 15% as much wealth as the typical white family. |
1:57.0 | History laid the groundwork for this. |
2:00.0 | Over generations, black Americans were blocked |
2:02.7 | from acquiring and passing on homes and businesses by Jim Crow violence and segregation, |
2:07.6 | and after World War II, by highway building in urban renewal that ravaged thriving black |
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