Patriotic Millionaires Release One-Word Statement On Trump Budget Proposal

Tuesday, May 23



Washington, DC – This afternoon, in response to President Trump’s proposed budget for the 2018 fiscal year, Morris Pearl, the Chair of the Patriotic Millionaires and former managing director at Blackrock, Inc., released the following statement:



Top economic advisor to Donald Trump Steve Schwarzman has called the Patriotic Millionaires “traitors to their class” for their outspoken views on the economic system. The group first came together in 2010 to demand an end to the Bush tax cuts for millionaires, instantly sparking the public’s attention. They are widely credited for moving the Obama administration to ending the Bush tax cuts. Overnight, the group became a media sensation. Over the last six years, the group has generated hundreds of millions of dollars’ worth of media attention, appearing on outlets from the Daily Show with Jon Stewart to the PBS NewsHour; from the front page of the Boston Globe to The History Channel. The Patriotic Millionaires’ reach is so vast that the President of the Czech Republic referenced the group in an address to the Czech Parliament. The largest television station in Japan and a major Swedish magazine both did feature stories on the group. They had the honor of joining the President in the White House in 2012 for his Tax Day address and in 2014 for the signing of the Executive Order raising wages for federal contract employees.


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About the Patriotic Millionaires


The Patriotic Millionaires is a group of 200 high-net-worth Americans who are committed to building a more prosperous, stable, and inclusive nation. The group focuses on promoting public policy solutions that encourage political equality; guarantee a sustaining wage for working Americans; and ensure that millionaires, billionaires, and corporations pay a greater percentage of taxes. You can find out more at


The Patriotic Millionaires have appeared on hundreds of media outlets here and abroad, including The Daily Show with Jon Stewart, the PBS NewsHour, The New York Times, Washington Post, CNN, MSNBC, Fox News, and many others. You can find more coverage at