February 2, 2017
Contact: Sam Quigley
PATRIOTIC MILLIONAIRES RELEASE STATEMENT ON TRUMP’S VOW TO REPEAL JOHNSON AMENDMENT
“Repeal would allow dark money and secret donors to manipulate charities for partisan political purposes, tax free”
Washington, DC – In response to President Trump’s disturbing statement this morning that he would work to repeal the Johnson Amendment, the provision in the US tax code that prevents charitable organizations from endorsing or opposing political candidates, the Patriotic Millionaires’ Chair released the following official statement:
“President Trump’s vow to ‘totally destroy’ the Johnson Amendment would further damage the foundations of our already fragile democracy. The Johnson Amendment keeps charities and churches nonpartisan, and its repeal would allow dark money and secret donors to manipulate charities for partisan political purposes, tax free. Citizens United – allowing the wealthy to spend whatever they want on politics – is no longer enough for Republicans. Now they want unlimited funds for politics to be tax deductible, making American taxpayers subsidize the politics of the rich while they drag charities and churches down into the political fray,” said Patriotic Millionaires’ Chair Morris Pearl, former Managing Director BlackRock, Inc.
To schedule an interview or for further comment, please contact Sam Quigley at [email protected].
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 http://patrioticmillionaires.org/about/
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