The Patriotic Millionaires' Statements on New Rules Regarding Corporate Inversions

The Patriotic Millionaires' Statements on New Rules Regarding Corporate Inversions

“For too long, multinational corporations have used the tax code to force countries to compete in a race to the bottom, depriving nations of the revenue needed to build up their own economies - the Treasury Department’s ruling is not only the fiscally responsible thing to do, it send a clear signal that the United States is not going to allow corporations to hold American jobs hostage,” Patriotic Millionaires Chair Morris Pearl, former Managing Director of BlackRock Inc.

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Patriotic Millionaires to Congress: Prove They Don’t Own You

Patriotic Millionaires to Congress: Prove They Don’t Own You

Today in a strongly worded letter to House and Senate leadership, the Patriotic Millionaires demanded action on the carried interest loophole saying a vote would offer members “a unique opportunity to demonstrate to the American people that Congress is capable of conducting the people’s business; and that it is not, in fact, a wholly-owned subsidiary of Wall Street fund managers and other special interests.”

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Patriotic Millionaires Challenge Carried Interest Top Lobbyist To Public Debate

Patriotic Millionaires Challenge Carried Interest Top Lobbyist To Public Debate

Today, Morris Pearl, Chair of the Board of the Patriotic Millionaires, challenged Michael Sommers of PEGCC to a public debate on the carried interest tax loophole, the policy which allows fund managers to pay a lower tax rate than most other Americans.

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A More Equal Nation: The Patriotic Millionaires are pushing to rid the nation of income inequality

A More Equal Nation: The Patriotic Millionaires are pushing to rid the nation of income inequality

The scene in the Senate cafeteria Wednesday was the very definition of cognitive dissonance: A group of wealthy businessmen seated shoulder-to-shoulder with white-collar office workers and Congressional maintenance men in work coveralls. Munching on brown-bag lunches, the tycoons argued that pay for the maintenance men, and hourly workers like them, should double, even though the hike would eat into their own bottom lines.

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