For Immediate Release
Sam Quigley, sam@patrioticmillionaires.org, 317-752-9150
Patriotic Millionaires Praise the Raise the Wage Act as "An Incredible Long-Term Economic Stimulus"
"With businesses closing left and right because they don't have enough customers, we can't afford not to raise wages right now."
WASHINGTON - This afternoon, Representative Bobby Scott, Senator Bernie Sanders, Senator Patty Murray, Representative Pramila Jayapal, and Representative Stephanie Murphy formally introduced the Raise the Wage Act, which if passed would gradually raise the federal minimum wage to $15 an hour by 2025. This would be the first increase in the federal minimum wage in over a decade.
In response, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director of BlackRock, Inc., issued the following statement:
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Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system.