We’ve made a lot of noise about California’s Proposition 40 over the last few months. But today, with just two weeks to go until the election, we’ve turned up the volume big time and released two products—an open letter and a poll—in support of the one-time tax on Golden State billionaires.
A Closer Look: The Critical Role of Consistency in Tax Policy Advocacy
It appears some of our allies have taken a liking to the Swiss cheese tax code that Trump and Republicans made worse with their 2025 tax law. As for us, we like to think we have a sharper palate.
A YouGov poll on California millionaires found support among the group for raising taxes on the wealthy, including majority support for Prop 40, the one-time, 5% tax on billionaires.
A Closer Look: No Tax on Everything—The Tax Mess Trump Has Left Us
I wanted to take the pen for this week’s Closer Look to share a piece that I wrote for my Substack last month in support of the Working Americans’ Tax Cut Act. I designed this legislation as the second part of the Patriotic Millionaires’ legislative platform, The MONEY Agenda.
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!
A Closer Look: The Business Case for Paying the People
My name is John Driscoll. I am a member of the Patriotic Millionaires and a Senior Advisor to Walgreens Boots Alliance and the EQT Group. Previously, I was the CEO of CareCentrix, Group President for New Markets at Medco, and Executive Vice President at Walker Digital.
The New York Times is Validating What We’ve Been Saying
For what feels like forever, the Patriotic Millionaires have been talking about the need to tax unrealized capital gains. We’ve been talking about the need to uplift workers affected by deindustrialization. And we’ve been talking about the looming expiration of many provisions of the 2017 GOP Tax Cuts and Jobs Act. Now, The New York Times has entered all these conversations, and we’re feeling some considerable validation because of it.
There is an abundance of high-quality podcasts out there. Few among us have time to listen even to just a fraction of them. Still, one upcoming podcast series bears recommendation: Master Plan: The True Crime of Stolen Democracy, from The Lever. The Lever has unearthed never-before-reported documents proving this 50-year plot was a coordinated effort by wealthy individuals.
