For Immediate Release
December 15, 2017
Contact: Sam Quigley
Millionaire slams GOP tax bill by releasing his tax returns, and demands Trump do the same
Washington, DC – Today, in a viral video released by NowThis, Patriotic Millionaire Eric Schoenberg released his personal tax returns, showing how much wealthy people like him stand to benefit from the GOP tax bill. In it, he explains that despite claims from the GOP that the bill will eliminate deductions, that the reduction of pass-through income will give him, and thousands of other wealthy Americans, a massive tax cut. By his calculations, the GOP tax bill would give him personally a tax cut of over 30%, while it would actually raise taxes on millions of poor and middle class families.
In the video, he explains how our tax code is unfairly skewed in favor of investment income over labor, and uses his own personal finances to back up his claim that “the Republican plan will make the rich richer, and leave everyone else to pick up the bill.” He calls out President Trump for falsely claiming that this tax bill will “cost [him] a fortune,” saying that if Trump wants to prove him wrong, all he has to do is follow Eric’s lead and release his tax returns.
To schedule an interview or for further comment, please contact Sam Quigley at [email protected].
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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 https://patrioticmillionaires.org/about/
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