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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