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For Immediate Release

Contact

Sam Quigley, sam@patrioticmillionaires.org, 202-446-0489

Press Release

Patriotic Millionaires Slam "Cruel" Senate Budget

"This horrific budget would harm millions of vulnerable Americans"
WASHINGTON -

This morning, in response to the Senate's passage of a budget resolution that would cut nearly $1.5 trillion from Medicare and Medicaid and give massive tax breaks to wealthy individuals and corporations, the Chair of the Patriotic Millionaires Morris Pearl, former Managing Director at BlackRock, Inc., released the following statement:

"The budget just passed by the Senate is not only irresponsible, it is downright cruel. This horrific budget would harm millions of vulnerable Americans all to give even more money to the richest among us. The Senators who voted to cut Medicare and Medicaid by a combined $1.5 trillion just to give millionaires like me a tax cut have betrayed their constituents, catering instead to the demands of their wealthy donors. Both the Senators and their donors should be ashamed to trade the future of this nation for their short-term financial self-interest."

To schedule an interview or for further comment, please contact Sam Quigley at sam@patrioticmillionaires.org.

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The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country’s political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three “first” principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.

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