Today: Wealthy DC Residents Oppose Council Plan to Lower Estate Tax

Thursday, May 25

TODAY: WEALTHY DC RESIDENTS OPPOSE COUNCIL PLAN TO LOWER ESTATE TAX

Members of Patriotic Millionaires and Resource Generation say: no tax cuts for millionaires

 

Date: Thursday, May 25, 1:00pm ET

Dial-in information: (712)770-4010, PIN 103297

 

Washington, DC- Members of Resource Generation and the Patriotic Millionaires will hold a press call on Thursday, May 25th at 1:00pm ET to explain their concerns with the DC Council’s plans to raise the city’s estate tax threshold limit.

 

Raising the city’s estate tax exemption limit would give a tax cut to the richest residents of DC and limit funding for services vital to the city’s less well-off population. Members of both organizations, those who will both pay the estate tax and those who would face a reduced inheritance because of the estate tax, feel that raising the threshold will only serve to expand the yawning gap between the wealthy of this city and the rest of its population, and have strongly urged the DC Council to delay raising the exemption limit.

 

What: Press Call In to address the DC Council’s plans to raise the estate tax exemption limit

 

Who:

Samantha Waxman, Member of Resource Generation

Ed Lazere, Executive Director of the DC Fiscal Policy Institute

Chuck Collins, Patriotic Millionaire and heir to the Oscar Mayer fortune who gave up his inheritance to dedicate his life to becoming an expert on inequality

 

Date: Thursday, May 25, 1:00pm ET

Dial-in information: (712)770-4010, PIN 103297

 

To read the letter sent from the Patriotic Millionaires and Resource Generation to the DC Council, click here.

 

To schedule an interview or for further comment, please contact Sasha Grodsky at sasha@patrioticmillionaires.org.

 

 

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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 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