TODAY: DC Activists Take on Trump and the Carlyle Group to Close the Carried Interest Loophole

Friday, March 23

Media Advisory:

Friday, March 23, 2018

Contact: Sam Quigley

[email protected]

202-446-0489

 

 

TODAY: DC Activists Take on Trump and the Carlyle Group to Close the Carried Interest Loophole

DC Councilmembers to Join Local Advocates Mobilizing Against Tax Breaks for Billionaires

 

 

Washington, DC – Today at noon, lawmakers and activists from around the District of Columbia will gather in front of The Carlyle Group to protest the private equity firm’s extensive lobbying campaign to preserve the egregious carried interest loophole, and to support a bill, recently introduced by DC Councilmember David Grosso, which would close that loophole in the District.

 

The District of Columbia would raise an estimated $152 million per year by closing the carried interest loophole, which allows billionaire fund managers to cut their tax bill nearly in half and pay a lower rate than teachers, janitors, and firefighters.

 

At this rally, speakers will discuss how that $152 million could be better spent to help the people of the District through affordable housing, better schools, or fixing the metro, rather than on a handout to a few wealthy fund managers. They will challenge billionaire Carlyle co-founder David Rubenstein and his colleagues for their efforts to use their enormous wealth, in the form of political contributions and high-priced lobbyists, to preserve this loophole in last year’s GOP tax bill.

 

WHAT:

Rally to close the Carried Interest Loophole in DC

 

WHO:

Elizabeth Falcon, DC Jobs with Justice (MC)

At-Large Councilmember David Grosso

Angie Whitehurst, DC Resident and Activist

Erica Payne, Patriotic Millionaires

Sequnely Gray, DC Jobs with Justice

 

WHEN:

Friday, March 23rd, at 12:00pm ET

 

WHERE:

Outside The Carlyle Group offices at 1001 Pennsylvania Ave NW, Washington, DC 20004

 

This rally is cosponsored by DC Jobs with Justice, DC Working Families, Jews United for Justice, The Hedge Clippers, American Federation of Teachers, Take On Wall Street, Patriotic Millionaires, Communication Workers of America, and Americans for Tax Fairness.

For further comments or questions, please contact Sam Quigley at [email protected]

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About the Patriotic Millionaires

Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system. You can find out more at http://patrioticmillionaires.org/about/

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 http://patrioticmillionaires.org/media

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