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Press Release

Republican Anti-Tax Collusion with Hungarian Government is Anti-American

“Republican lawmakers are siding with foreign autocrats and their billionaire donors over the American people.”
WASHINGTON -

Last week, Hungarian officials revealed that they have been working with Republican lawmakers in the United States to block the implementation of a global minimum tax on corporations. They also revealed top Republicans in the House Ways and Means Committee, Reps. Adrian Smith (NE) and Mike Kelly (PA) sent a letter last week thanking the government of Hungary for sabotaging the EU’s attempts to confirm the deal, which would allow countries around the world, including the United States, to stop multinational corporations from avoiding taxes by moving profits into tax havens.

In response to this shocking news, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., released the following statement:

“Republican lawmakers are siding with billionaire donors and corrupt foreign autocrats like Viktor Orbán over the American people. By choosing to sabotage the United States’ ability to tax corporations effectively and conspire with foreign governments, the lawmakers working with Hungary have revealed how little they actually care about their own country.

These lawmakers have chosen to do whatever it takes to keep the rich from paying their fair share, even if protecting foreign corporate wealth means undermining the wellbeing of the United States. It's fitting that news of this anti-American behavior broke on Independence Day weekend. These are no patriots. They’ve betrayed their oaths of office, their constituents, and their country.”

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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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