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A project of Common Dreams

For Immediate Release
Contact:

Sam Quigley, sam@patrioticmillionaires.org, 202-446-0489

"The Republican Tax Bill Was a Handout To Their Donors. And You're Going To Pay For It"

My Patriotic Millionaires University (MyPMUniversity.org) shows voters just how Republicans and their wealthy donors have rigged the economy against the middle class through the tax code

WASHINGTON

This morning, the Patriotic Millionaires organization launched My Patriotic Millionaires University (MyPMUniversity.org), a voter education website designed to show voters on just how they're getting screwed by last year's Republican tax bill, and to help activists "defeat the traitors who sold out America" when they voted for last year's massive rewrite of the federal tax code.

The new site - which highlights Republican leaders admitting the tax bill was a "must deliver" for GOP donors - calls the new Republican tax code a "payoff to the donor class that will be paid for by the middle class."

Last year on a strict party line vote, Republican politicians rewrote the entire federal tax code. The new code:

  • rigs the economy in favor of the donor class against the middle class.
  • permanently disadvantages people who bring home a paycheck over those who makes their income off of investments.
  • transfers more than a trillion dollars out of the nation's bank account into the pockets of the millionaires and corporations who fund political campaigns.
  • rewards companies for moving American jobs overseas.
  • hand millions of dollars tax-free to the children of millionaires.

And the hedge fund managers President Trump railed against on the campaign trail? Well, they're still "getting away with murder." The GOP managed to rewrite the entire federal tax code without closing the one loophole President Trump said he cared about. MyPMUniversity.org is designed to show voters this ugly truth about our new tax code, and to give them the tools and knowledge they need to convince their friends, family, and neighbors that we need a Congress willing to work for normal Americans, not just their wealthy donors.

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.

(202) 446-0489