The Progressive


A project of Common Dreams

For Immediate Release

"They're Going To Have Their Hearts Broken"

Patriotic Millionaire Release VIDEO STATEMENT on House Tax Vote.


Today, in response to the U.S. House passing the Tax Cut and Jobs Act, the Patriotic Millionaires released a video statement featuring several of their members. Their responses to the plan ranged from "Republican Feudalism" to "Welfare for the Wealthy."

Patriotic Millionaire Eric Schoenberg doubled down on a charge he made in a recent Stuart Varney appearance which received 13 million views on Facebook and forced a response from the Fox Host. "For the last 30 years, every time Congress has gone in to change the tax system, I have come out ahead," said Mr. Schoenberg.

Patriotic Millionaire Chair Morris Pearl, a former BlackRock, Inc. Managing Director said, "Giving a tax break to a small number of the very richest people might help a small number of the very richest people, but it certainly is not going to help anyone else."

"When men and women sit down a year from now to fill out that first Trump tax return, they're going to have their hearts broken," said Patriotic Millionaire Leo Hindery, Jr., Managing Partner of InterMedia Partners and former CEO of AT&T Broadband.

It's very simple.

"When you give millionaires a tax cut, the middle class will pay."

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


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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