Patriotic Millionaires Issue Statement on New Tax Counsel

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Patriotic Millionaires’ Chair Morris Pearl commends Senator Wyden’s (D-OR) appointment of Victor Fleischer to the Senate Finance Committee. Fleischer’s work on the carried interest tax loophole has been fundamental to the Patriotic Millionaires’ campaign to close the loophole.

“We are looking forward to working more closely with the Senate Finance Committee now that Professor Fleischer has become the co-counsel for the Democrats. Professor Fleischer has been advocating fairness in the tax code, both by legislative means and by the administration using its authority under the existing laws more aggressively,” says Patriotic Millionaires Chair Pearl. “For too long, the rich and the powerful have been taking advantage of tax loopholes and paying taxes at lower rates than the average American. We hope that this appointment by ranking-member Wyden signals a new, more aggressive, approach to making our tax system more fair for all Americans.”

Fleischer’s decade of work on the carried interest tax loophole is at the center of the Patriotic Millionaires’ campaign to close the loophole, a campaign that has called the egregious loophole the poster child of money’s corruptive influence in politics.

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