For Immediate Release
Patriotic Millionaires: For the People Act is a Democracy Saver
Today, the Senate introduced S.1, otherwise known as the For the People Act, a sweeping package of democracy reforms that begin to rebalance our political system to focus on voters and constituents instead of monied interests. The Patriotic Millionaires could not be more proud to support this legislation.
The For the People Act fights the corruptive influence of money in politics by reimagining our system for publicly financing elections and incentivizing small dollar donations, requiring more transparency from Dark Money groups, limits the power of SuperPACs, and calling for a constitutional amendment to overturn the disastrous Citizens United Supreme Court Decision. At the same time, it expands the right to vote, keeps elections secure, outlaws partisan gerrymandering and requires independent commissions to draw districts, and restores the Voting Rights Act to combat racist voter suppression efforts.
This legislation is a must-pass, and any Senator who does not support it is endorsing a democracy that is restricted, unequal, and structurally racist.
"I want to see money out of politics, specifically my money." said Morris Pearl, Chairman of the Patriotic Millionaires. "Democracy is built on the idea that every person's voice should be heard equally, and For the People Act protects voting rights, ensures fair representation, and gives regular Americans some of the power and influence that is now a purview of the rich. These reforms are long overdue"
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.