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.
A Closer Look: Honor Juneteenth by ending the subminimum wage
Happy Juneteenth! Today marks the fourth year that the United States has celebrated Juneteenth as an official federal holiday, which commemorates the final enforcement of the Emancipation Proclamation on June 19, 1865 in Galveston, Texas at the end of the Civil War.
Historically, unions have always played an essential role in stabilizing economies and ensuring that businesses properly share the fruits that their workers’ labor produces. But, over the last four months, it’s become clear that unions are also integral to stabilizing democracies and spreading political power among the masses too.
A Closer Look: Trump’s Unprecedented Self-Enrichment
We talk all the time about how President Trump bends over backwards to help boost the bottom lines of his billionaire friends. It’s about time that we discussed how Trump is moving mountains to benefit one billionaire in particular, and his favorite billionaire at that: himself.
A Closer Look: Don’t fall for the idea that the rich pay their fair share
When you’re in a war and expecting your enemy to attack, sometimes you have to launch a preemptive strike. That’s exactly what we’re going to do with conservatives’ ideas on tax fairness now that we’re fully engaged in the 2025 tax war.
A Closer Look: Republicans are on tax offense for Team Rich
The “Super Bowl of Tax” is finally here. While Republicans haven’t passed their massive package, nor has President Trump signed anything yet, from what we’re seeing so far of their plans, there’s no doubt that they’re quarterbacking to give more tax handouts to wealthy people like us.
A Closer Look: Philanthropy can’t save the world. Taxes can.
You may think that Bill Gates is doing the world an enormous service by giving away nearly all of his fortune over the next twenty years. But the truth is that he’d be doing us all an even greater service if he spent a portion of his remaining time and money doing everything he can to change our country’s political economy to ensure that wealth isn’t concentrated in the hands of so few people and that, in the future, no single individual is able to attain his level of wealth and power in the first place.
It’s not often we need to email you on a Monday, so if we are, it has to be for a good reason. And believe us, we have one: May 11, 2025 marked the official launch of Patriotic Millionaires Canada!
America’s Most Regressive Tax Levy: Our Tax on Capital Gains
Our current effective tax rate on capital gains shrinks as the gains grow in size and duration, inviting the tax dodge — Buy–Hold for Decades–Sell — that’s driving America’s wealth concentration.
A Closer Look: Unlike Trump, We Did Our Homework on Taxes
Unlike President Trump and congressional Republicans, we’re not letting go of our proposal to raise taxes on the rich. While they may have ideas and “concepts of a plan,” we are the ones with a legitimate, well-constructed legislative agenda that will deliver real and substantive relief to working people.
A Closer Look: America needs our “Cost of Living” Tax Cut Act
At a press conference in August 2024, while standing in front of a table stacked with grocery staples, then-presidential candidate Donald Trump said, “When I win, I will immediately bring prices down, starting on day one.” We’re now officially 100 days into Trump’s second presidency, and not only did the president break that promise, but he is actively pursuing a policy agenda that will make America’s checkout lines wildly more expensive than they already are.
A Closer Look: Staff the IRS. Save Direct File. Resist Trump.
We don’t think it’s too much to ask to have an IRS that is equipped to collect the taxes that Americans owe and to help working people file their returns without undue burden. It’s a pity that the Trump administration disagrees.
