Patriotic Millionaires

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.

Releases by this organization

Newswire article
Friday, May 07, 2021
Patriotic Millionaires Blast Chamber of Commerce on Call to End Expanded Unemployment Benefits
Today, the United States Chamber of Commerce called on the federal government to end $300 weekly supplemental unemployment benefits that were a part of President Joe Biden’s 1.9 trillion dollar COVID-19 aid package. Morris Pearl, former managing director at Blackrock, Inc., and Chair of the...
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Newswire article
Friday, April 30, 2021
Patriotic Millionaires Applaud President Biden's First 100 Days on Taxes
Today, the Biden administration celebrates its 100th day in office. Since taking office, President Biden has introduced an exceptionally ambitious tax agenda, proposing plans to rewrite the tax code that will finally force millionaires, billionaires, and corporations to pay their fair share of...
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Newswire article
Wednesday, April 28, 2021
Patriotic Millionaires Celebrate American Families Plan's Proposed Tax Hikes on The Rich
Today, the Biden administration released additional details of its American Families Plan in advance of President Biden's address to Congress this evening. This $1.8 trillion plan would tie significant spending on childcare, paid leave, and education with increased taxes on high income earners,...
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Newswire article
Tuesday, April 27, 2021
Patriotic Millionaires Applaud Biden Executive Order to Raise the Minimum Wage for Federal Contract Workers to $15 an Hour
Today, President Biden is issuing an executive order requiring federal contractors to pay a $15 minimum wage to all of their employees by 2022, up from the current required minimum of $10.95 per hour. In response to this order, which will also continue to index the wage to inflation and would,...
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Newswire article
Thursday, April 22, 2021
Patriotic Millionaires Celebrate Biden Plans to Raise Capital Gains Tax Rate for Top Earners
In response to recent reporting that the Biden administration is planning to increase the long-term capital gains tax rate on people earning more than $1 million a year up to 39.6% as part of its forthcoming American Families Plan, Morris Pearl, former managing director at Blackrock, Inc., Chair of...
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Newswire article
Thursday, April 22, 2021
Patriotic Millionaires Applaud House Vote to Approve D.C Statehood
Today, the House of Representatives voted to pass H.R. 51, a bill to formally establish the State of Washington, Douglass Commonwealth as the 51st state in our union. In response to this historic vote, Morris Pearl, former managing director at Blackrock, Inc., and Chair of the Patriotic...
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Newswire article
Thursday, April 01, 2021
Millionaires Call for Wealth Taxes as Wealth of World's Billionaires Surges $4 trillion in Pandemic Year
The planet’s 2,365 billionaires have seen their wealth increase $4 trillion, or 54 percent, during the pandemic year. Their combined wealth rose from $8.04 trillion to $12.39 trillion between March 18, 2020 and March 18, 2021, according to new analysis from the Program on Inequality at the...
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Newswire article
Wednesday, March 31, 2021
Patriotic Millionaires Praise Biden's Made in America Tax Plan
This morning, the Biden Adminstration released details of its American Jobs Plan, a $2 trillion investment in the country's infrastructure linked to an overhaul of the corporate tax code, including an elimination of offshoring loopholes and an increase to the corporate rate, called the Made in...
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Newswire article
Thursday, March 25, 2021
Patriotic Millionaires Praise Sanders' For the 99.5% Act
Today, Senator Bernie Sanders introduced the For the 99.5% Act, a progressive estate tax on the fortunes of the richest 0.5% of Americans. It establishes a new rate structure for the estate tax for Americans who inherit over $3.5 million in wealth while providing protections for family farms...
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Newswire article
Wednesday, March 17, 2021
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...
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