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For Immediate Release

Patriotic Millionaires Blast "Heartless" House Budget

"The budget just passed by the House reflects everything the American people think is wrong with Washington"

WASHINGTON

This morning, in response to the House'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 House reflects everything the American people think is wrong with Washington. It is heartless and un-American. 216 Members of the House just voted to hurt millions of vulnerable Americans, including many of their own constituents, just to give millionaires like me a massive, unnecessary tax break. The American people don't want a $1.5 trillion cut to Medicare and Medicaid and they don't want a huge tax cut for the rich, but wealthy donors do. The Representatives who just chose the banks accounts of their donors over the health and wellbeing of their constituents should be ashamed."

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