The American People Want to Tax the Rich

Tensions are rising in Congress as we near September 27th, the date centrist Democrats are demanding a vote on their bipartisan infrastructure bill. They want to pass infrastructure first at the expense of the much larger, more impactful reconciliation bill, but progressives are promising to vote down infrastructure until the two pass at the same time. With all the fuss, you would think that the … Continue reading The American People Want to Tax the Rich »

Progressives Must Hold Strong

The fight between various factions within the Democratic party over the outcome of the infrastructure and budget reconciliation negotiations is coming to a head. For months the Caucus has been working on a strategy that would put both the infrastructure bill and a budget reconciliation package up for a vote at the same time, satisfying both centrists and progressives. Unfortunately, corporate interests have been out … Continue reading Progressives Must Hold Strong »

Neal’s Tax Plan Has Billionaires Popping Champagne

Earlier this week the House Ways and Means Committee, led by Rep. Richard Neal, released their rewrite of the federal tax code as part of the Democrats’ budget reconciliation proposal. The committee’s proposed changes are, to say the least, completely inadequate. Their proposal preserves the preferential treatment the rich currently receive in the tax code, ensuring that billionaires in America will continue to pay a … Continue reading Neal’s Tax Plan Has Billionaires Popping Champagne »

Not Good Enough

The House Ways and Means Committee released their proposal yesterday outlining new tax hikes to invest in President Joe Biden’s infrastructure bill, and we are incredibly disappointed in what they’ve come up with. Their plan, assembled by Committee Chair Richard Neal, is an utter failure of not just the President’s agenda, but of the American people. It fails to end the preferential treatment of the … Continue reading Not Good Enough »

Patriotic Millionaires Letter to White House Demands Further Tax Hikes on Millionaires

Today, 11 rogue Democrats are continuing their fight to block progress for the entire nation in order to ensure that the wealthiest people in the country continue to receive preferential treatment in the tax code.  If the current House Ways and Means Committee proposal becomes law, billionaires in America will pay a lower tax rate than working people and inequality, the root cause of social … Continue reading Patriotic Millionaires Letter to White House Demands Further Tax Hikes on Millionaires »

Reconciliation Negotiations Are Heating Up

It’s time to get down to business. After months of leadup and preliminary negotiations, committees in the House are just days away from releasing the first official details of the Democrats’ multi-trillion-dollar reconciliation bill. There’s a lot at stake here, with trillions of dollars of support for American families and tax hikes on the rich hanging in the balance as a few centrist Democrats seek … Continue reading Reconciliation Negotiations Are Heating Up »

The Lies in The Chamber of Commerce’s Carried Interest Report

This week The US Chamber of Commerce released a study that attempted to show that taxing carried interest as normal income would lead to massive job loss, a decrease in tax revenue, and an overall reduction in investment. But while Chamber lobbyists are sure to use this so-called “study” to try to convince lawmakers to preserve the carried interest loophole, in reality this document is … Continue reading The Lies in The Chamber of Commerce’s Carried Interest Report »

The Value of Labor

As we come out of Labor Day weekend, let’s talk about labor. More specifically, let’s talk about the way the law treats labor. You’ve likely heard dozens of politicians talk endlessly about how American workers are the backbone of our country, and how the value their labor creates for their communities is what makes America great. But talk is cheap. When it comes to what … Continue reading The Value of Labor »

What You Need to Know About Inflation

With consumers across the country ready to go out and spend again, many are seeing higher prices than they expected thanks to higher than normal levels of inflation. With some supply chains and businesses still struggling, supply is not quite meeting rising demand from a reopening economy, causing higher prices and a collective freakout by many members of the economic elite predicting disaster. Don’t listen … Continue reading What You Need to Know About Inflation »

America Needs Democratic Unity

Recently, a group of nine moderate and conservative Democrats voiced their opposition to the tactics Democrats are using to pass two bills simultaneously: a limited bi-partisan infrastructure package, and a more ambitious reconciliation package designed to pass with only Democratic votes. In a letter to Speaker Nancy Pelosi, they stated they planned to withhold their vote on the budget package if the infrastructure bill was … Continue reading America Needs Democratic Unity »

Spending versus Investments, the Great Debate

We’re finally reaching the point where real economic change is on the horizon through the upcoming infrastructure and reconciliation bills. During this time it can be hard to clearly see progress with all the confusion and noise of Washington. Debates about government spending have often been dominated by concerns from conservatives and moderate politicians. Even still, we have to remember that making investments that will … Continue reading Spending versus Investments, the Great Debate »

It’s Time to End the Stepped-Up Basis

With Democrats preparing to pass a reconciliation bill that will spend up to $3.5 trillion on investments and aid for American families, the next few months are going to be full of debate about how to pay for this new spending. One of the changes proposed by the Biden administration is eliminating the stepped-up basis, an egregious loophole that allows the rich to pass down … Continue reading It’s Time to End the Stepped-Up Basis »

Overcoming the Opposition

Earlier this week, after months of negotiations, a bipartisan infrastructure bill passed in the Senate. This was followed quickly by a $3.5 trillion budget that sets the stage for Democrats to pass a reconciliation bill that would make one of the largest investments in American families in the last half century. But while we’re in a moment of great opportunity, there are, as always, many … Continue reading Overcoming the Opposition »

Wealth Gap on the Rise

Since the beginning of the Covid-19 pandemic, millions of Americans have faced financial hardship and economic instability. Some have lost their jobs or been furloughed, many have been uprooted from their homes or have even become homeless (not to mention the millions that have gotten severely ill and hundreds of thousands that have died). Even well beyond the peak of the pandemic, 24 million adults … Continue reading Wealth Gap on the Rise »

Democrats Must Tax the Rich to Pay for Roads

Yesterday, after weeks of deliberation, a bipartisan committee of Senators finally proposed the beginnings of an infrastructure bill. This bill failed to do one thing that Americans have been asking of their representatives; tax the rich. Simply shifting money around and pointing the blame at unemployed Americans in a global crisis is just another way of burdening regular people with paying more than their fair … Continue reading Democrats Must Tax the Rich to Pay for Roads »

California’s Ambitious Budget Proposals Shouldn’t be a Bargaining Chip

This month Governor Gavin Newsom signed California’s $262 billion dollar budget into law, a nearly $60 billion dollar increase from the previous fiscal year.  Flush with extra cash, Governor Newsom and the legislature created one of California’s most ambitious budgets in recent years. This year’s budget will deliver a public school version of preschool along with free school lunches, expand state-funded healthcare to undocumented immigrants, … Continue reading California’s Ambitious Budget Proposals Shouldn’t be a Bargaining Chip »

Republicans are Politicizing the Debt Ceiling–Yet Again

Republicans are making the disastrous decision to politicize raising the debt ceiling— YET AGAIN. The debt ceiling, which is the legal limit on the amount of debt the U.S. treasury sustains, or the actual amount the U.S government is permitted to borrow, is vital to the stability of our economy. Since Congress spends more than it collects in revenue, it must allow the Treasury Department … Continue reading Republicans are Politicizing the Debt Ceiling–Yet Again »

If Jeff Bezos Can Afford to Go to Space, He can Afford to Pay more in Taxes

Yesterday, Jeff Bezos went to space. In response, the Patriotic Millionaires released the following statement on the morning of launch day from one of our members, Stephen Prince: “Sixty years ago, we sent the first American into space, and the top income tax rate was 91%. Today, a billionaire launched himself into space after paying a true tax rate of less than 1% for years. … Continue reading If Jeff Bezos Can Afford to Go to Space, He can Afford to Pay more in Taxes »

It’s Time for Pennsylvania to Raise its Minimum Wage

Earlier this month, Pennsylvania hit a shameful milestone: 15 years since the state’s minimum wage was last raised. Governor Tom Wolf and Democratic state lawmakers took this opportunity to call on the state’s Republican-led legislature to join them and take action in addressing Pennsylvania’s wage crisis. Gov. Wolf has pushed for policies that would immediately raise the state’s minimum wage to $12/hour, with subsequent $.50 … Continue reading It’s Time for Pennsylvania to Raise its Minimum Wage »

Don’t Be Impressed with the Space Billionaires

Our history of space travel is a catalog of humanity’s greatest achievements. When the Soviets put a satellite in orbit, that was a first. Yuri Gagarin and Alan Shepard touched space 60 years ago, our first-ever star voyagers. NASA – a publicly funded agency staffed with the best and brightest American minds – put Buzz Aldrin and Neil Armstrong on the moon, and got them … Continue reading Don’t Be Impressed with the Space Billionaires »