September, 12 2019, 12:00am EDT
Patriotic Millionaire Stephen Prince: Senator Wyden's Tax Proposal "A Key Step Towards Making the Wealthy Pay Their Fair Share"
"The current capital gains tax system is deeply inadequate, inherently regressive, and in dire need of transformative change."
WASHINGTON
Today, Senator Ron Wyden (D-OR) released a white paper on anti-deferral accounting, a new proposal to equalize tax rates on earned income and unearned income from wealth, and require wealthy investors to pay capital gains taxes on their increased wealth each year, rather than being able to defer payment until the sale of their assets. In response, Stephen Prince, founder and president of Card Marketing Services Inc. and Vice Chair of the Patriotic Millionaires, issued the following statement:
"Our tax code has given special treatment to wealthy investors for decades, consistently at the expense of all non-wealthy working Americans. The current capital gains tax system is deeply inadequate, inherently regressive, and in dire need of transformative change. But just raising the rate isn't enough. There are too many ways for the wealthy to game the system, since they are the ones who paid for the lobbyists that have helped write them, and until those loopholes are addressed, tax fairness is going to remain a distant dream.
That's why Senator Wyden's white paper on anti-deferral accounting is so important - this is a key step towards making the wealthy pay their fair share just like every other working taxpayer. The rich shouldn't receive special tax treatment just because we are rich. Period!"
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) 446-0489LATEST NEWS
Democrats Fume Over Trump's Moms.gov Website Promoting Anti-Abortion Centers
"Moms.gov is not about promoting women’s health. It is an attempt to use HHS resources to further strip women of their rights and privacy.”
Jun 24, 2026
Eleven members of the Senate Democratic Caucus on Wednesday urged US President Donald Trump and Health and Human Services Secretary Robert F. Kennedy Jr. to “cease using federal resources to direct people to anti-abortion crisis pregnancy centers" via a government website.
Last month, the Department of Health and Human Services (HHS) launched Moms.gov, which claims to offer "resources, information, and help for new and expecting mothers" by "addressing the needs of mothers and fathers who face difficult or unexpected pregnancies and ensuring the well-being of mothers and the health of American families."
The site has two main options: so-called "crisis pregnancy centers" (CPCs)—which present themselves as reproductive health clinics but often provide misleading information and counseling aimed at discouraging abortion—and "federally qualified health centers," which, presented alongside anti-abortion services on Moms.gov, can blur the distinction between evidence-based healthcare providers and ideologically driven groups.
"This raises profound concerns about the health, safety, and privacy of people who access this government website at a time when women’s health and reproductive rights face increasing attacks,” the 11 senators said in a letter to Trump and Kennedy and shared with HuffPost. “Instead of offering concrete resources to protect the health and safety of pregnant women and their families, the Trump administration is using this website to highlight anti-abortion CPCs."
The letter—led by Sens. Elizabeth Warren (D-Mass.), Chuck Schumer (D-NY), Mazie Hirono (D-Hawaii), and Bernie Sanders (I-Vt.) and signed by Democratic Sens. Ron Wyden (Ore.), Tammy Duckworth (Ill.), Ed Markey (Mass.), Tina Smith (Minn.), John Hickenlooper (Colo.), Cory Booker (NJ), and Michael Bennett (Colo.)—was sent on the four-year anniversary of Dobbs v. Jackson Women’s Health Organization, a ruling by the right-wing US Supreme Court that canceled half a century of abortion rights formerly enshrined in Roe v. Wade.
“Since the US Supreme Court took away the fundamental right to abortion care... 21 states have banned or severely restricted access to abortion, decimating access to care for tens of millions of people,” the senators wrote.
The lawmakers said that the direct link to Option Line, an anti-abortion hotline, "on a government website is also troubling from a data privacy perspective," as the site collects and shares user data with "affiliates, partners, vendors, or contract organizations" and has been beset by breaches.
“Moms.gov is not about promoting women’s health—it is an attempt to use HHS resources to further strip women of their rights and privacy," the letter asserts. “In order to protect the health and data privacy of millions of women, HHS should remove the pregnancy center link from Moms.gov and cease using federal resources to direct people to anti-abortion crisis pregnancy centers.”
In a Wednesday interview with HuffPost, Warren said, "It's horrific that the Trump administration is using taxpayer dollars to prop up a website that pushes pregnant women towards nonmedical anti-abortion centers."
"The Republican plan is to sneak through anti-abortion resources and backdoor abortion bans because they know Americans don’t support their extreme agenda," she added. "Democrats are fighting back.”
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Despite Trump-Iran Deal, Netanyahu Says Israel Will Not Leave Lebanon 'As Long as I Am Prime Minister'
"Words are not enough to restrain the Israelis," one journalist said. "There have to be real consequences."
Jun 24, 2026
Israeli Prime Minister Benjamin Netanyahu stated on Wednesday that he will not end the military occupation of Lebanon even if it tanks US President Donald Trump's peace deal with Iran.
"As long as I am prime minister, we will maintain the security zone in southern Lebanon," he said, referring to Israel's occupation, which has cleared about one-fifth of the country of its inhabitants.
About 1.2 million residents have been displaced by Israeli attacks and forced evacuation orders since March as part of a military campaign that's killed about 4,200 people, according to the Lebanese Ministry of Public Health.
As Trump seeks an end to his war with Iran, the Iranian delegation has stressed that it must be peace "on all fronts," including Lebanon, which was outlined in the memorandum of understanding that has served as the basis for ongoing negotiations.
Behind the scenes, Trump has reportedly fumed that by ramping up attacks on Lebanon, Israel is trying to sabotage the deal and drag the US back into war.
But while he and Vice President JD Vance have offered some uncommonly blunt criticism of Israel over the past week, they've not yet gone beyond words. And Israel's leaders seem to believe they won't.
Echoing the prime minister, Defense Minister Israel Katz said on Wednesday that the Israel Defense Forces were "not withdrawing" from Lebanon "even if there is an American demand to do so."
But he also stated that despite a US-mediated ceasefire between Israel and Hezbollah, "as of this moment... there is no American demand for Israel to withdraw from Lebanon," which he described as "a political achievement."
That's not likely to sit well with the Iranians, who, in response to a wave of Israeli attacks this weekend, announced that they were once again closing off the Strait of Hormuz, threatening more of the economic pandemonium that Trump wants to quell by ending the war.
“For us, a ceasefire in Lebanon is as important as a ceasefire in Iran and, further, an end to the war in Lebanon is as important as an end to the war in Iran,” said Mohammad Bagher Ghalibaf, Iran's parliamentary speaker and lead negotiator, on Wednesday.
US Secretary of State Marco Rubio has attempted to thread the needle by claiming on Wednesday that "the Israelis have been clear they don't have any quarrels with the Lebanese people, nor do they have any claims on the territory of Lebanon."
But this was undercut somewhat by Katz's statement on Wednesday that the 200,000 civilians whom Israel ordered to leave southern Lebanon "will not return" to their homes because of the risk they allegedly pose to Israeli soldiers.
"Soldiers in, residents out," Katz said. "The infrastructure is destroyed, the houses are dangerous and ruined. We are not withdrawing."
Critics have pointed out that Trump does have ample amounts of leverage to coerce the Israelis to get with the program, including threatening to cut off US weapons shipments, and that his failure to do this may destroy any chance at peace with Iran.
"The Israelis are going to continue testing what they can get away with," said Rania Khalek, a journalist for BreakThrough News, on social media. "Iran was very clear that a deal with the US is dependent on a ceasefire in Lebanon."
"How embarrassing for Trump that the Israelis don’t care about his orders. They are trying to preserve their ability to kill all their neighbors," she added. "Words are not enough to restrain the Israelis. There have to be real consequences."
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US News Outlet Sues Trump Admin Over Refusal to Release 'Secret List of Activities'
“The government is not allowed to selectively hide information about its actions that impact protected First Amendment activity,” said a member of the legal team representing The Intercept in its legal challenge.
Jun 24, 2026
The progressive US media outlet The Intercept filed a lawsuit on Wednesday seeking to compel the Trump administration to hand over documents related to claims by federal officials of a secret database used to track protesters and others dubiously deemed "domestic terrorists."
The Intercept is asking the US District Court for the Southern District of New York to force the Department of Homeland Security (DHS) to release material sought via a Freedom of Information Act (FOIA) request it filed on February 23.
“It’s not illegal to monitor the activity of immigration agents inside your community,” Intercept editor-in-chief Ben Muessig said on Wednesday. “What is illegal is the US government’s secret list of activists—and its refusal to turn over information about that database to the American public.”
The Intercept's FOIA request came amid mounting evidence that, "by using photos, video, license plates, hotel check-in information, and more to create a database of lawful protestors, the government may be taking concerning action affecting the rights of those exercising their First Amendment rights," as plaintiff's counsel Democracy Forward noted in a statement announcing the lawsuit.
The Intercept's complaint cites a video posted on social media on January 23 that shows a federal immigration agent telling a legal observer in Maine during a protest against the deadly US Immigration and Customs Enforcement (ICE) anti-immigrant crackdown that "we have a nice little database, and now you’re considered a domestic terrorist."
According to the lawsuit:
In a court hearing regarding immigration enforcement actions in Minnesota, attorneys for the state of Minnesota reportedly included an exhibit of a recording of a federal agent saying, “Well, this person is gonna have a hard time traveling from now on" after taking a photo of an ICE observer's license plate. The press has reported that “a memo sent earlier this month to agents temporarily assigned to the city asked them to ‘capture all images, license plates, identifications, and general information on hotels, agitators, protestors, etc., so we can capture it all in one consolidated form.'"
Democracy Forward noted that "in a separate court case, a civilian observing ICE submitted a declaration stating that her [Transportation Security Administration] PreCheck and Global Entry were revoked three days after an encounter with immigration enforcement officials."
"Additionally, at least one prominent supporter of transgender rights has reportedly had her Global Entry and US passport canceled in the past few months," the group added.
Not included in the lawsuit are remarks made by White House "border czar" Tom Homan during a January interview with Fox News, during which he said that he aimed to “create a database where those people that are arrested for interference, impeding, and assault" and "make them famous.”
Democracy Forward president and CEO Skye Perryman said Wednesday, "The government is not allowed to selectively hide information about its actions that impact protected First Amendment activity."
"The surveillance and retaliation being reported would be egregious violations of core constitutional principles," she added, "and we are honored to represent a storied news organization as it fights to demand the public have access to the information we need to protect our democracy.”
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