Patriotic Millionaires Release Statement on Pres. Trump’s Proposed Tax Cuts for the Wealthy

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. He included proposed tax cuts in his proposals – attempting to further the fallacy that tax cuts grow and sustain our economy. Chair of the Patriotic Millionaires Morris Pearl has released this statement in response to this abhorrent plan:


“In an economy that is 70% consumer driven, the last thing we need to do to grow and sustain our economy is give millionaires yet another tax cut. The exhausted policies of “trickle-down economics” have failed spectacularly. President Trump needs to rethink his goals – rather than offer these faulty tax cuts to our nation’s wealthiest, he should instead commit to a $15 minimum wage. Business owners and investors need consumers with more disposable income. President Trump should work to improve the lives and wallets of the lower and middle class because that is how we all prosper. ” said Chair of the Patriotic Millionaires Morris Pearl, former managing director at Blackrock.


To schedule an interview or for further comment, please contact Kelsea-Marie Pym at





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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