The Progressive


A project of Common Dreams

For Immediate Release

Sam Quigley,

Patriotic Millionaires on Bipartisan Infrastructure Bill: Nowhere Near the Scope and Scale Necessary for the Moment

Democrats Must Pass a Much More Ambitious Reconciliation Package

"We need 'good' legislation, not just 'as good as we can get from Republicans' legislation."


This morning, the US Senate voted to pass a bipartisan infrastructure bill with $550 billion in new funding after months of negotiations between Democrats and Republicans. In response, Morris Pearl, Chair of the Patriotic Millionaires and former managing director at BlackRock, Inc., issued the following statement:

"It's great that a bipartisan group in the US Senate was able to agree on something, but the fact is that this bill has nowhere near the scope or the scale necessary to rise to the needs of the present moment. The bipartisan infrastructure bill the Senate just passed addresses almost none of the most pressing needs in this country.

We need "good" legislation, not just "as good as we can get from Republicans" legislation. Democrats in the House and Senate must move immediately and decisively to pass a much more ambitious reconciliation package that would invest in our country's future and begin to address the gross inequality in our nation by raising taxes on millionaires, billionaires, and corporations. They have the majority, they just need the will to fulfill their promises to the American people."

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.

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