Although the framework of the bipartisan infrastructure plan has been largely agreed on by a group of both Democrats and Republicans, it was only a matter of time before the more extreme elements of the GOP tried to undermine the deal. And right on cue as the bipartisan working group is attempting to finalize the bill’s details, some conservative groups are now demanding that the … Continue reading Fix the Tax Gap, Fund the IRS
The bipartisan infrastructure deal that Senate Democrats, Republicans, and President Joe Biden agreed on last week looks like it may already be in danger. With Democratic leadership promising to link the bipartisan bill to a larger reconciliation bill that includes more progressive priorities and tax hikes on the rich, and Republicans threatening to back out if Democrats pair the two bills together, there’s a lot … Continue reading What You Need to Know About the Bipartisan Infrastructure Deal
President Ronald Reagan was a popular United States President. Upon leaving office, 63 percent of Americans overwhelmingly approved of the job he had done during his 8 years in office. His post-presidency popularity was solidified with efforts led by lobbyist and anti-tax activist Grover Norquist to convince local governments and private associations to name public spaces after Regan to preserve his legacy— particularly his tax … Continue reading It Is Time We Reexamine the Cost of Reaganomics
Last week the Economic Policy Institute (EPI) released a bombshell report that showed CEO pay skyrocketed while worker compensation barely budged over the course of the 2020 COVID-19 pandemic. This report comes on the heels of Sarah Anderson’s Institute for Policy Studies’ report that revealed just over half of 100 S&P 500 companies who pay the lowest median worker wages broke their rules to give … Continue reading Despite the Pandemic CEOs Made a Killing in 2020
The Patriotic Millionaires of California are proud to support California’s AB-71, Bring California Home Act, which would tax the wealthiest corporations in order to address and solve the out-of-control inequality that has led to the alarming number of individuals facing homelessness in our great state. To solve our homelessness crisis AB 71 proposes taxing California’s wealthiest multinational corporation’s Global Intangible Low Taxed Income (GILTI) to … Continue reading California Chapter Supports Assembly Bill 71
As our country debates an overhaul of the nation’s tax code that would significantly raise rates on millionaires, billionaires, and wealthy corporations, the Patriotic Millionaires are launching an offensive against the people standing in the way. Selfish billionaires, Wall street tycoons, and CEOs are all fighting tooth and nail to protect their own special tax breaks at the expense of the American people. Enough is … Continue reading Tax the Rich! Billboard Tour 2021
[In honor of Tax Day, we’ve decided to release an excerpt from Tax the Rich! How Lies, Loopholes, and Lobbyists Make the Rich Even Richer by Morris Pearl and Erica Payne. Order your copy today!] There’s a reason that rich people and politicians focus most of their attention, their lies, and their behind-the-scenes manipulation on our tax code: it’s one of the single most important … Continue reading Happy Tax Day! Let’s Tax the Rich
Last week Governor Kemp made an appearance on Fox News to defend his state’s decision to reduce voting rights throughout Georgia while comparing his actions to my state of Colorado. While listening to Governor Kemp speak, I was disgusted although not surprised. Kemp’s spin was misleading, lacking real context and in areas, blatant lies. Equally important, Kemp and his conservative Georgia lawmakers seem to have … Continue reading Shame on Governor Kemp
There’s a saying among hikers that a group can only really move forward to reach a destination at the pace of the slowest. Unfortunately, when it comes to the march towards building a world in which everyone can thrive, the slowest among us are walking very, very slowly. We can see this all around us, as turmoil from hate and racism and environmental crises and … Continue reading What About Money?
Our democracy is under attack. As of today, more than 300 different pieces of voter suppression legislation have been introduced across the country. Just last week, in Georgia, the state that tipped the Senate for Democrats in January, Governor Brian Kemp signed a sweeping 98-page omnibus “election” bill (aka voter suppression bill), into law surrounded by white male legislators under a painting of a slave … Continue reading Use The For The People Act to Fix The Damage of Anti-Voter Legislation
Congress just passed a long-awaited package designed to be a rescue plan for workers, families, and businesses struggling through the dual economic and public health crisis caused by the COVID-19 pandemic. This sweeping package demonstrates the undeniable power of the federal government to significantly reduce poverty when it decides to, and raises two questions: Why should we wait for once-in-a-generation global catastrophes to use the … Continue reading Let’s make The American Rescue Package’s anti-poverty impact permanent
We’re quickly approaching a year since the COVID-19 pandemic and job crisis hit the US like a hurricane. Unemployment rates rose along with death rates and feelings of fear and uncertainty. At the height of the Great Recession 8.6 million jobs were lost; it took just three months for the COVID-19 pandemic to exceed that. Working Americans suffered greatly. But while it’s important for Congress … Continue reading Real Economic Relief Needs To Also Tackle Climate Change
Being poor in America is expensive. The 16% of our population that lives in poverty faces a daily barrage of hidden fees, fines, and predatory interest rates almost perfectly designed to keep them trapped in poverty. To be poor in America is far more difficult and complicated than it is often presented as. Things can quickly spin out of control when hidden costs start to … Continue reading Life Without A Living Wage
On Monday, March 1, Senator Elizabeth Warren, Rep. Pramila Jayapal, and Rep. Brendan Boyle took a stand against out-of-control wealth inequality by introducing The ‘Ultra-Millionaire Tax Act’ to Congress. So what will this tax do? It’s a virtual copy of the wealth tax that Warren ran on in her 2020 presidential campaign. A wealth tax is a yearly tax on the net worth, essentially assets … Continue reading Explaining The Ultra-Millionaire Tax Act
With only 50 Democrats in the Senate, supporters of President Biden’s COVID relief package don’t have the 60 votes necessary to overcome the filibuster and pass it as standard legislation. They also haven’t demonstrated a willingness to abolish the filibuster, leaving Senate Dems with one option: budget reconciliation. This process allows a simple majority to pass legislation by incorporating it into the budget, but it … Continue reading Parliamentarians, Byrd rule, and reconciliation
President Biden and his team have announced that about $1.9 trillion of additional money is needed due to the problems caused by the current pandemic. That is about 9% of the size of the entire US economy — anyway you think about it, that is a big deal. The benefits of that are fairly well articulated by the administration, but because many on the right … Continue reading Don’t Let Inflation Fears Stop COVID Relief
In a major report this year, global anti-poverty charity Oxfam estimates that the poor could take over a decade to recover from the economic impact of the COVID-19 crisis. Meanwhile, their wealthier counterparts have already recovered – and then some – after just nine months of the pandemic. COVID undoubtedly played a role in expediting the increasing wage inequality in our country, with U.S. Billionaires … Continue reading COVID- 19 Relief Cannot Be a Short-Term Fix
The federal minimum wage has remained at a deplorable amount of $7.25 an hour since 2009, despite the substantial increase in worker productivity and costs of living across the country. Luckily, The Raise the Wage Act of 2021 was introduced in the U.S. House of Representatives on January 26th to remedy this injustice. As President Joe Biden pushes for the increase of the minimum wage … Continue reading 13 Senators Oppose Helping Their Very Own States
I’m 53 and my wife and our two kids and I live in urban Denver. We are financially fortunate and thanks to two good incomes, decent investments, smart work and luck, we are what I call garden variety millionaires. My wife is an M.D. and I’m an MBA from a non-fancy non-top 25 school. I considered myself politically engaged and a proud and active member … Continue reading Why I’m a Patriotic Millionaire: Ron Guillot
With their first full week in control of the House, Senate, and the Presidency underway, Congressional Democrats are prioritizing the For the People Act, a comprehensive set of reforms to end special interest control of Washington.. That’s cause to celebrate. In a recent 2020 poll of voters across party lines, a whopping 67% said they support the bill, including a majority of Republicans and independents. … Continue reading The For the People Act, the first step to healing America