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, February 26, 2021
Patriotic Millionaires Urge Congress to Tax the Rich, Not the Unemployed
This week, House Democrats led by Representative Cindy Axne penned a letter to House Speaker Nancy Pelosi urging House leadership to exempt past and future unemployment compensation and stimulus relief checks from income tax. The Patriotic Millionaires stand behind this, and any other efforts, to...
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Newswire article
Tuesday, February 23, 2021
"Pathetic"
This morning, Senators Mitt Romney and Tom Cotton introduced a bill to raise the minimum wage to $10 an hour over the next four years while tightening enforcement on hiring undocumented workers. In response, Morris Pearl, the Chair of the Patriotic Millionaires, former managing director of...
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Newswire article
Thursday, February 18, 2021
Patriotic Millionaires on Walmart's Minimum Wage Announcement: Only Congressional Action Will Ensure a Living Wage
Today, Walmart announced that they would boost the average hourly wage of their employees to over $15 dollars an hour. In response, Morris Pearl, the Chair of the Patriotic Millionaires, former managing director of BlackRock, Inc., and author of the upcoming book Tax the Rich , issued the following...
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Newswire article
Wednesday, February 17, 2021
Patriotic Millionaires on Romney/Cotton Minimum Wage Plan: Anything Less than $15 is Unacceptable
Yesterday, Senators Mitt Romney and Tom Cotton announced that they were planning to introduce a bill to raise the minimum wage to an unspecified number while "ensuring businesses cannot hire illegal immigrants." In response, Morris Pearl, the Chair of the Patriotic Millionaires, former managing...
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Newswire article
Monday, February 08, 2021
CBO Analysis of Raise the Wage Act is "Overwhelmingly Positive"
This morning, the Congressional Budget Office released a report on the budgetary effects of the Raise the Wage Act, legislation that would raise the federal minimum wage to $15 an hour by 2025. In response, Morris Pearl, the Chair of the Patriotic Millionaires, former managing director of BlackRock...
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Newswire article
Tuesday, January 26, 2021
Patriotic Millionaires Praise the Raise the Wage Act as "An Incredible Long-Term Economic Stimulus"
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...
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Newswire article
Wednesday, January 20, 2021
Patriotic Millionaires Statement on Biden Inauguration: "This Is Not a Moment for Moderation or Caution"
Today, President Joe Biden and Vice President Kamala Harris will be sworn into office on the steps of the US Capitol, marking the end of four years of Trump presidency. In response, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director of BlackRock, Inc., issued the...
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Newswire article
Friday, January 15, 2021
Patriotic Millionaires Statement on $15 Minimum Wage in Biden's "American Rescue Plan"
Yesterday, President-Elect Joe Biden released details of his coronavirus relief plan, the "American Rescue Plan." Included among many provisions for much-needed government spending was a proposal to raise the federal minimum wage to $15 an hour and eliminate the subminimum tipped wage. In response...
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Newswire article
Friday, January 08, 2021
Patriotic Millionaires Statement on Biden Nomination of Gina Raimondo and Marty Walsh
In response to the Biden administration's announcement of Rhode Island Governor Gina Raimondo as Commerce Secretary and Boston Mayor Marty Walsh as Labor Secretary, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director of BlackRock, Inc., issued the following...
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Newswire article
Thursday, January 07, 2021
Patriotic Millionaires Statement on Presidential Sedition
In response to the tragic and disturbing events at the US Capitol yesterday, and the role that President Trump and several members of Congress played in inciting the insurrectionists that stormed the Capitol, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director of...
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