As I’m sure you’ve seen, the debt ceiling is in the news again as President Elon Musk and VP Donald Trump try to figure out how to lead the incoming kakistocracy. We thought it would be helpful to explain the issue and the negotiations around it, if you’re looking for some light reading as you finish up your holiday shopping.
Last night, President Elon Musk and Vice President Donald Trump—yes, you read that right—joined forces to kill a funding deal crafted by congressional Republicans to keep the government from shutting down on Friday. Good riddance. If Democrats are going to provide the majority of votes for a short-term government funding bill, it shouldn’t be one that would help unwind one of the signature accomplishments of the Biden era: cracking down on rich tax cheats.
Today, the Patriotic Millionaires joined forces with the Revolving Door Project to launch a grassroots letter campaign – housed at FreeCharlesLittlejohn.com – to urge President Biden to commute the prison sentence of Charles Littlejohn. For this week’s Closer Look, I want to tell you about Charles Littlejohn, make my case as to why he deserves clemency from the president, and do my best to encourage you to join our cause.
If you’re looking to do some holiday shopping this weekend, we have a great tip for you: order a copy of Pay the People! Why Fair Pay is Good for Business and Great for America from Amazon, Barnes & Noble, or Bookshop!
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!
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.
The Patriotic Millionaires are everywhere these days. We’re on the radio. We’re in the Midwest. We’re in the South. We’re in Washington, D.C. and at the United Nations. And now, we’re somewhere new: the big screen! The Deciders, a documentary about our Great Economy Project, was released on Apple TV TODAY!
