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For Immediate Release

Ivanka Doesn't Get It

"Expanding the child tax credit doesn't change the fact that 80% of the tax cuts in the Republican tax plan go to the top 1%"

WASHINGTON

This morning, in response to Ivanka Trump's Pennsylvania appearance to promote the expansion of the child tax credit, the Chair of the Patriotic Millionaires Morris Pearl, former Managing Director at BlackRock, Inc., released the following statement:

"It is cruel and dangerous for Ivanka Trump to perpetuate the lie that simply expanding this tax credit will be a saving grace for working and middle class families or this tax plan. Expanding the child tax credit doesn't change the fact that 80% of the tax cuts in the Republican tax plan go to the top 1%, nor does it change the fact that many of these same families will be the ones hit hardest by the resulting budget cuts. Ms. Trump needs to understand: you can't support this tax plan and consider yourself a champion of working families."

To schedule an interview or for further comment, please contact Sasha Grodsky at sasha@patrioticmillionaires.org.

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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