Patriotic Millionaires Release Statement on Pres. Trump’s Attempt to Gut ACA Funding

Tuesday, February 28


February 28, 2017

Contact: Kelsea-Marie Pym


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Would only further add to our already egregious levels of economic inequality


Washington, DC – Tonight, President Trump gave his first address to the Joint Session of Congress. President Trump attempted to stir up support to dismantle the Affordable Care Act – a plan the GOP has been obsessed with since the ACA was first introduced. Chair of the Patriotic Millionaires Morris Pearl has released this statement in response to this abhorrent plan:


“President Trump did not campaign on a promise to get rid of people’s healthcare in order to give yet another tax cut to millionaires. Rather, he campaigned on a promise to fix the system and better the lives of everyday Americans. He needs to keep that promise and stop promoting the idea of repealing the Affordable Care Act and the ACA funding through taxes. The ACA taxes – capital gains, dividends, and interest – target the wealthiest amongst us. The tax code already taxes their income at much lower rates than wages; gutting the ACA funding would only further add to our already egregious levels of economic inequality. Wealthy Americans do not need yet another tax cut, we need a funded government to sustain a growing economy. That’s what will truly benefit all Americans,” said Chair of the Patriotic Millionaires Morris Pearl, former managing director at BlackRock.


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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







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