For Immediate Release
A Tax Cut for the 1%
WASHINGTON - This afternoon, in response to Mike Pence's discussion of the Trump tax bill in a speech at CPAC, Morris Pearl, Chair of the Patriotic Millionaires and former Managing Director at BlackRock, Inc., released the following statement:
"Earlier today, Mike Pence bragged that over 4.3 million Americans have seen benefits from the Trump tax bill. For once, he's right. 4.3 million Americans is barely over 1% of the American population, and as a member of the top 1%, I can say with certainty that the tax bill was great for my bottom line. I've already made a couple hundred thousand dollars from my investments in companies that have shifted some of their profits overseas, where they will be paying lower taxes. It's too bad for the other 99% of Americans who are going to suffer from spending cuts on schools, roads, or health care, but in Mike Pence's eyes, that's a small price to pay to ensure millionaires like me get tax cuts."
To schedule an interview or for further comment, please contact Sam Quigley at email@example.com.
FRIENDS: Now More Than Ever
Independent journalism has become the last firewall against government and corporate lies. Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook. Never before has independent media been more endangered. If you believe in Common Dreams, if you believe in people-powered independent media, please support us now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing. Thank you. -- Craig Brown, Co-founder