Patriotic Millionaires Applaud Senator Manchin’s Support for Raising Taxes on the Rich
“If Senator Manchin wants to raise taxes on wealthy Americans and corporations, then Democrats should take him up on the offer”
Washington, DC – Today, West Virginia Senator, Joe Manchin, laid out a counteroffer to President Biden’s Build Back Better agenda that included raising taxes on the wealthy linked with prescription drug reform, climate mitigation efforts, and shrinking the federal deficit.
Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., said,
“The Patriotic Millionaires are thrilled to see the West Virginia Senator propose a plan for raising taxes on the wealthiest Americans and focus on tax fairness after months of striking down progressive economic proposals. Every day our fellow Americans who work for a living fall further and further behind as the wealthiest individuals continue to reap the benefits of a rigged economy and tax code. The longer we delay necessary economic reform, working Americans will continue to fall further behind.
If Senator Manchin wants to raise taxes on wealthy Americans and corporations, then Democrats should take him up on that offer. It may not lead to a bill with everything that they’re hoping for, but repealing the disastrous 2017 GOP tax cuts and making our tax code fairer is an admirable goal no matter what the money is used for.”
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