A Closer Look: Young people need the Working Americans’ Tax Cut Act
As a still-young (kinda) person myself, and the mother of a young person who will be starting his college journey next year, I worry a lot about what we are doing—and more importantly, not doing!—to ensure that young people still have a chance at the American Dream.
It's only been five weeks, but the good news on unions just keeps piling up—so much so that we feel we are in for a repeat of the summer of 2023. You may remember that was what organizers called “Hot Labor Summer,” given the historic victories that unions notched for workers across a variety of industries.
Here are a few of the ways that the Working Americans Tax Cut Act, or WATCA for short (S. 4083/HR 7937) provides a boost to hardworking low-income households while avoiding the pitfalls of other proposals.
We saw the interview that you gave last week to Andrew Ross Sorkin on CNBC’s “Squawk Box,” and wanted to respond to some of the things you said that relate to our three-pronged mission to tax the rich, pay the people, and spread the power. There are places we agree, and areas we do not. We hope that you will approach this letter with an open mind, and consider joining us in our work.
Our members just finished gathering in Washington, DC this week to reflect on the past year, the outcome of last week’s election, and where we go from here. After a number of productive and engaging events, we feel ready to tackle the challenges that lie ahead in the new year.
A self-avowed authoritarian successfully wielded the economic frustrations of millions to win the most consequential election of our nation’s history. The Democratic establishment has only itself to blame. Voters demanded a fundamental overhaul of a rigged economic system. When neo-liberal Democrats dithered, Donald Trump offered to clear the board, and voters chose the dark unknown rather than the status quo.
In the final feverish stretch of the election, it’s easy to feel overwhelmed with policy announcements, endless fundraising texts, and news cycles that seem to last only minutes. If you’re feeling exhausted, we get it – we’re right there with you.
Why Is Elon Musk Supporting Donald Trump? Tax Avoidance!
Elon Musk, The New York Times reports, has gone all in for Donald Trump. His pro-Trump America PAC, has already spent $118 million and has the budget to spend tens of millions more, almost all of that coming from Musk himself.
It’s hard to believe that we are just 12 days away from Election Day. The Patriotic Millionaires have never minced words, and we’re not going to start now: the stakes are extraordinarily high.
Trump Can’t “Weave” Around This Uncomfortable Truth
With just 19 days left before the election, Donald Trump is desperately trying to muddy the waters around his tax plan. But there’s no getting around it: cumulatively, his proposals would hurt millions of working people while giving a tiny fraction of wealthy people like us yet another break.
If you were a rich Wisconsinite striving to get even richer and you had little regard for intellectual honesty or the well-being of your fellow citizens, you would agree with Sen. Ron Johnson’s remarks at last month’s Senate Finance Committee hearing. Otherwise, you’d find the senator’s views troublesome, to say the least.
How Billionaires’ Political Spending Undermines Our Democracy
When they bankroll electoral candidates to the tune of millions, billionaires claim they are merely exercising their First Amendment right to free speech. And while the Supreme Court and current law might be on their side, their political “largesse” is a dangerous subversion of our democracy.
A CEO Makes the Business Case for the American Stability Act
This is John Driscoll again. If you remember, I’m the Patriotic Millionaire who wrote to you a few weeks ago to give you a full rundown on the state of wages in America, and why there’s a strong business case for paying people higher wages.
America is suffering from twin wage and tax crises, and today, the Patriotic Millionaires are excited to announce a bold, innovative solution we’ve worked on with our allies on the Hill! Today, with support from our organization and a number of cosponsors, Representative Summer Lee (PA-12) has introduced the American Stability Act.
Bank of America is Showing that Higher Wages and Good Business Can Coexist
Bank of America just announced that it will increase its company-wide minimum wage in October to $24 an hour, one of the highest wage floors in the United States. This $1 increase from the company’s current wage floor is more than good news for BofA’s employees – it’s further evidence that doing well and doing good can and should coexist in corporate America.
Our Senior Vice President of Tax Policy, Bob Lord, has been on a roll for the last few weeks – so much so that we’ve decided to devote an entire Closer Look to bragging about him!
