Tag Archives: elections

Our Final Endorsements of 2024

It’s hard to believe that we are just 12 days away from Election Day. The Patriotic Millionaires have never minced words, and we’re not going to start now: the stakes are extraordinarily high. This election cycle has transcended mere policy disagreements and become a struggle over the future of our democracy. As in any presidential election cycle, most of the media attention has focused on … Continue reading Our Final Endorsements of 2024 »

Trump Can’t “Weave” Around This Uncomfortable Truth

With just 19 days left before the election, Donald Trump is desperately trying to muddy the waters around his tax plan. But there’s no getting around it: cumulatively, his proposals would hurt millions of working people while giving a tiny fraction of wealthy people like us yet another break. Our friends at the Institute on Taxation and Economic Policy (ITEP) recently analyzed the distributional impact of … Continue reading Trump Can’t “Weave” Around This Uncomfortable Truth »

How Billionaires’ Political Spending Undermines Our Democracy

When they bankroll electoral candidates to the tune of millions, billionaires claim they are merely exercising their First Amendment right to free speech. And while the Supreme Court and current law might be on their side, their political “largesse” is a dangerous subversion of our democracy. Our allies at Americans for Tax Fairness recently published a new report, “Billionaires Buying Elections 2024: Congressional Races,” which … Continue reading How Billionaires’ Political Spending Undermines Our Democracy »

What You Need to Know About Kamala Harris’ Record on Taxes

The past month will go down as one of the most dramatic four-week periods in American history. This past Sunday, after several weeks of speculation, President Biden announced that he would step out of the 2024 presidential race. Shortly after the news broke, our Chair, Morris Pearl, released a statement on behalf of our organization, lauding Biden for his “unrivaled act of selfless patriotism.” You can read … Continue reading What You Need to Know About Kamala Harris’ Record on Taxes »

Project 2025 Will Be a Tax Nightmare

Republicans have done a lot of damage to the American tax code over the years by giving massive and harmful cuts to the wealthy and corporations. But if they win back the White House and get the chance to implement Project 2025, that damage will be supercharged to another level. We told you about Project 2025 on July 4th, and it’s since received a great deal … Continue reading Project 2025 Will Be a Tax Nightmare »

What’s behind America’s “vibecession”?

It’s the biggest political head-scratcher of the season: President Biden has gotten a lot of questions right on traditional economic tests, but voters refuse to give him passing marks. By all conventional measures, the economy under Biden has thrived. Since Biden took office, 15 million jobs have been created. Unemployment has been below 4% for two and a half years – the longest stretch in over fifty years. Inflation … Continue reading What’s behind America’s “vibecession”? »

All Roads Lead to Raleigh, Part II

Last week, our Closer Look explained how North Carolina found its way into the center of the political universe. Both Joe Biden and Donald Trump are campaigning hard in the state as its economy rapidly evolves with uneven results, huge demographic shifts are underway, and organized labor attempts to upend the South’s broken economic system. As we said, the Tar Heel state has become something of … Continue reading All Roads Lead to Raleigh, Part II »

All Roads Lead to Raleigh, Part I

If you weren’t paying close attention, you might have missed that North Carolina has quietly become the center of the political universe. While simultaneous international crises in Ukraine and Gaza have dominated headlines, here at home, several intersecting storylines have converged on the Tar Heel State and elevated it as the most important battleground in the upcoming election. The news cycle on all things North … Continue reading All Roads Lead to Raleigh, Part I »

Taxes are having a moment

Taxes are having a moment. Tomorrow night, President Biden will deliver his annual State of the Union address before both houses of Congress. He is expected to touch on a number of critical issues, but early reports suggest the President will emphasize economic populism, and in particular, call for the ultra-wealthy and corporations to pay more in taxes. In what may be his biggest televised appearance before … Continue reading Taxes are having a moment »

Our First Endorsements of 2024

We hate to kick things off with a cliché, but it’s an important one: elections have consequences. While cynics will dismiss elections as a rubber stamp on the status quo, the reality is that two starkly different realities are possible in January of 2025. In one of those realities, a newly inaugurated President Trump kicks off his second term with a series of vengeful abuses of … Continue reading Our First Endorsements of 2024 »

The Year Ahead

Happy new year! We hope that you had a wonderful holiday season and that your new year has begun with notes of hope and joy. Like everyone else, the Patriotic Millionaires are using the start of a new year to take stock of our priorities and map out the challenges – and opportunities – we anticipate in the year ahead. For this week’s Closer Look, … Continue reading The Year Ahead »

We need to choose democracy

“We can have democracy in this country, or we can have great wealth concentrated in the hands of the few, but we can’t have both.” Supreme Court Justice Louis D. Brandeis (1856-1941) Last week, former President Donald Trump was indicted on charges related to his efforts to overturn the legitimate democratic results of the 2020 election. The announcement comes on the heels of Trump’s other two indictments: one … Continue reading We need to choose democracy »

You can blame New York for the House

It’s hard to believe that it’s been a week since polls closed for the midterm elections. Some key races have yet to be called, but we can nonetheless see some broader patterns emerging that we’d like to highlight for you today. First, the good news: Democrats have officially retained control of the Senate! After incumbent Senator Catherine Cortez Masto defeated Adam Laxalt in Nevada’s hotly contested Senate … Continue reading You can blame New York for the House »

Maggie Hassan Is Trying to Make Raphael Warnock Lose

Is Maggie Hassan (NH) about to cost Raphael Warnock (GA) his Senate seat? The answer is, quite likely, yes. How? By personally blocking the $15 minimum wage bill that Sen. Warnock ran on – and that exit polls show he won on. To add insult to injury, Hassan patently refuses to offer an alternative to the bill that has already passed in the House. The … Continue reading Maggie Hassan Is Trying to Make Raphael Warnock Lose »

Fighting over SALT and the Virginia Election

This week, the big fight in Congress is over the SALT cap. Since the passage of the Trump tax bill in 2017, wealthy taxpayers in higher tax states like New York and New Jersey have had a cap on the amount of state and local taxes that they can deduct from their federal tax bill. Pressured by a cadre of blue state billionaires looking to … Continue reading Fighting over SALT and the Virginia Election »

When the Patriotic Millionaires Went Down to Georgia

This past election a group of my friends and I hopped on a plane in the middle of a pandemic and flew to the battleground state of Georgia to become poll watchers. It’s no secret that our elections system is in desperate need of reform, but on election day I was able to witness firsthand how vastly different and challenging voting is in a traditionally … Continue reading When the Patriotic Millionaires Went Down to Georgia »

Taxing the Rich: The People’s Choice

As the final sprint to the 2020 election kicks into gear, prepare to hear a lot about the choice at the top of the ticket and the accompanying admonitions not to forget down ballot races. However, just as importantly, voters will weigh in on an array of ballot initiatives and referendums in 26 states and Washington, D.C. Although these are often glossed over for splashy, … Continue reading Taxing the Rich: The People’s Choice »

Biden’s Tax Plan Doesn’t Go Far Enough

With both the Democratic and Republican National Conventions behind us, the 2020 election is finally, really, underway, ushering in the final sprint in a race for the White House with profound economic implications. After four years of President Trump, we have a clear sense of what he wants to do with our tax code – cut taxes for millionaires, billionaires, and corporations. Considering that the … Continue reading Biden’s Tax Plan Doesn’t Go Far Enough »

Republicans Split Votes, Supreme Court Splits Hairs

Last week, the Supreme Court ruled in favor of Maryland and North Carolina’s gerrymandered district maps. More precisely, it ruled that it did not have the ability to pass judgment on whether or not a map is excessively gerrymandered along partisan lines. Chief Justice John Roberts acknowledged in the court’s opinion that the maps were “blatant examples of partisanship,” but the 5-4 conservative majority fell … Continue reading Republicans Split Votes, Supreme Court Splits Hairs »