December, 20 2017, 06:15am EDT
"A Disaster for Millions of American Families"
This morning, in response to the Senate vote to pass the Tax Cuts and Jobs Act, the Chair of the Patriotic Millionaires Morris Pearl, former Managing Director at BlackRock, Inc., issued the following statement:
WASHINGTON
This morning, in response to the Senate vote to pass the Tax Cuts and Jobs Act, the Chair of the Patriotic Millionaires Morris Pearl, former Managing Director at BlackRock, Inc., issued the following statement:
"Today's vote is a disgusting example of what happens when the rich and powerful control all the levers of government. This bill is nothing less than the ultra-wealthy rewriting the rules of the tax system in their favor, irreparably hurting poor and middle class families in the process. It will be a disaster for millions of American families, but because its supporters in the Senate, House, and White House were able to save themselves millions, they don't care. Each and every Senator who just voted for this bill must share in the blame, as millions of their constituents now face higher taxes and the loss of health care."
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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