Thursday, June 9, 2011

Patriotic Millionaires are still asking Congress to Raise their Taxes

I think I like these guys!

Crosspost from Crooks and Liars

The Patriotic Millionaires are still asking Congress to raise their taxes. In response to Republican suggestions that they simply donate the money back, they point out it's a mere drop in the bucket compared to what should be taxed:
"I do not know how much I've saved over 10 years but I’m sure it is several million dollars—probably in excess of $10 million," said Egerman, founder of a medical transcription company called eScription.
And what, HuffPost asked, have you done with all that cash?
"I've kept it," he said. "I have not done anything with that money."
Egerman is part of a gang of self-described "Patriotic Millionaires" who wish the federal government would help itself to more of their money to address its big budget deficits. Nearly 200 millionaires have signed a letter asking congressional Republicans to consider healing budget gaps with increased revenue—in particular, higher taxes on millionaires—instead of just reduced spending.
The group is coordinated by the Agenda Project, a New York think tank, and Wealth for the Common Good, a network of business leaders and wealthy people that promotes "fair and adequate taxation" to support the economy.

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