The upcoming budget fight this fall will set the stage for 2025, when many of the absurd and regressive tax cuts from Trump’s 2017 Tax Cuts and Jobs Act expire. As we’ve noted previously, 2025 will be a make-or-break moment for our tax code. Depending on who controls the White House and Congress, it may be a chance to – finally – reform tax policy … Continue reading Setting the stage for 2025
As President Biden and Speaker McCarthy wrap up a meaningless, unproductive meeting about the debt ceiling, the Patriotic Millionaires would like to offer our perspective on the absurdity masquerading as serious discussion among lawmakers and members of the media. Biden and the Democrats can’t rely on Republicans to come to their senses and do the right thing anymore. If Republicans are willing to let the … Continue reading Biden must not blink on the debt ceiling
Happy Tax Day! For millions of Americans, today is the last day to file federal, state, and local taxes. (If you haven’t already filed, get cracking!) But Tax Day is more than just a filing deadline – it’s the one day a year when everyone in America is thinking about taxes, and is an annual reminder of just how skewed in favor of the rich … Continue reading Patriotic Millionaires Head to Washington for Tax Day
Next week is Tax Day, and you know what that means… ….(yes, you need to stop procrastinating and file your taxes, but that’s not what we’re talking about)…. …The Patriotic Millionaires are holding our Annual Spring Meeting! Every year around Tax Day, the members of Patriotic Millionaires host a conference in Washington, D.C. to gather economic justice advocates, top experts, and lawmakers to discuss how … Continue reading American Agenda (The Money Part)
Earlier this week, the Department of the Treasury released its report, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, which outlines the differences in how tax deductions impact White, Black, and Hispanic families. The results show a troubling trend: there are clear disparities in how tax benefits and expenditures impact different racial and ethnic groups, and a significant amount of tax breaks … Continue reading How the Tax Code Makes the Racial Wealth Gap Worse
As the rich and powerful have gathered this week in Davos for the World Economic Forum’s (WEF) Annual Meeting, there has been a lot of talk about how to make the world a better place. Davos attendees, from world leaders to billionaires, have made a massive show of how they will build “Cooperation in a Fragmented World,” as the title of this year’s gathering is … Continue reading Demanding Change at Davos
As the new House GOP majority tries over and over again to elect a Speaker, the already-glaring dysfunction of the 118th Congress is hard to miss. But as we watch the GOP caucus fight amongst itself and paralyze our government, we should be preparing for something even worse – House Republicans working together. They may disagree on who should be their leader, but House Republicans … Continue reading House Republicans Want to Protect Wealthy Tax Cheats
As you finish your last-minute holiday shopping, you may notice that prices for, well, everything are higher than they were this time last year. Inflation has thankfully cooled a bit in recent months, but it’s still running hot enough to cause a tremendous amount of sticker shock this holiday season. Our current bout of inflation is driven by a complicated confluence of factors – the war in … Continue reading Corporate Greed is the Villain This Holiday Season Closer Look
Pittsburgh, Pennsylvania, is one of the most blue-collar cities in America, and has been a proud union town with many traditional trade-based professions. Even the city’s football team, the Pittsburgh Steelers, is named after the union steelworkers who call Pittsburgh home. You would think that because Pittsburgh is so union-friendly, most employers, even ones not in blue-collar fields, would be pro-union and pro-worker. Sadly, that … Continue reading The Rise of Unions In Pittsburgh
We’d like to wish you all a happy holiday season from everyone here at the Patriotic Millionaires. It’s been a long and eventful year, so we’d like to commemorate it by looking back over some of the main events, praising those who did good for our nation, and calling out those who did bad. For this final Roundup before the end of the year, let’s … Continue reading Happy Holidays!
There isn’t a single state in the country where an individual can afford a modest one-bedroom apartment at fair market rent on the current minimum wage. Not one. This shouldn’t be a surprise considering the increased cost of living over the years (inflation rates have jumped to 7.75% this year alone) and the stagnant federal minimum wage (which hasn’t been raised since 2009). But what … Continue reading Florida’s Minimum Wage Is Not a Living Wage
As we come to the end of the year, we enter a time when people, full of holiday spirit, are giving more than ever. This goes for billionaires as well. But unlike the donations of regular Americans, billionaires aren’t dropping a few dollars into a donation bucket at the grocery store or giving to their local soup kitchen. Billionaires donate millions, but their generosity always … Continue reading Don’t Trust Billionaire Philanthropy
Just a few hours ago, the Senate sided with billionaire rail owners over rail unions in their ongoing contract dispute. After urging from President Biden, Congress passed a bill that legally forces rail unions to accept an agreement that many of them have voted against, saying it is inadequate and does not provide enough paid sick leave. This is a massive blow to the tens of thousands … Continue reading The Fight for Union Rights Is Heating Up
American billionaires spent $880 million on the midterm elections by the end of October, with the final total spent likely approaching an astronomical $1 billion. That’s a game-changing amount of money, and with the lion’s share of it going to Republican candidates and groups, the billionaires were confident they would be able to get their money’s worth. Fortunately for most regular Americans, a “red wave” was largely … Continue reading Billionaire Campaign Spending is Out of Control
When Democrats passed the Inflation Reduction Act (IRA) over the summer, they were expecting it to be a major factor in their favor in the upcoming midterm elections. They probably weren’t expecting that Republicans would also see the IRA as an opportunity to help win elections. In recent weeks, Republican candidates for the House and Senate have spent millions on ads targeting the IRA, in which they single out … Continue reading Republicans Are Campaigning on Protecting Wealthy Tax Criminals
The federal government is making a huge mistake in its fight against inflation. We’ve talked a lot about inflation recently, and how important it is for the government to help working people provide for themselves and their families as prices continue to rise. But we haven’t talked much about the one thing the federal government is actually doing to fight inflation – raising interest rates … Continue reading Reframing the Inflation Debate
Republicans have been busy in recent months cooking up plans for exactly what they want to accomplish if they retake Congress in the upcoming elections. It should come as no surprise that those plans are exactly what we’ve come to expect from the GOP for decades – tax breaks for the rich elite, crumbs for regular Americans, and the slashing of benefits and social services … Continue reading A Republican Congress Would Serve The Rich
We talk a lot about the American economy and the effect that decisions made by the federal government have on the lives and well-being of Americans all across the country. Because of that, it can be easy at times to think of the fight for economic justice as a purely national issue, something that just happens in Washington or in Congress and the White House. … Continue reading Fighting Inequality at the State Level
In the days following Labor Day, a time to celebrate all that American workers have done for the prosperity of our nation, the undue power that the rich hold over our country has become all the more glaring. The ultra-rich would have you believe otherwise, but it’s important to remember that our nation is great because of the contributions of everyday, hardworking Americans – not … Continue reading America Should Reward Workers, Not the Rich
After what seems like a summer-long heatwave, more and more Americans are looking to Congress and the White House for answers. While the Republican party has used misinformation and obstruction to hide the causes of climate change, Americans are suffering. Approximately 5 million people die every year due to the effects of climate change, with a projected 250,000 additional deaths per year from 2030 to … Continue reading There Is No Planet B