Bill Gates Speaks Out on Marginal Tax Rates
“The idea that there’s some direct connection that all these innovators are on strike because tax rates are at 35 percent on corporations, that’s just such nonsense.”
“The idea that there’s some direct connection that all these innovators are on strike because tax rates are at 35 percent on corporations, that’s just such nonsense.”
Support for levying higher taxes on wealthy Americans has reached historic levels, according to a nationwide survey released by Gallup this week.
Over the last two weeks, the national narrative has shifted dramatically regarding the House of Representatives passage of HR 1105 – legislation that aims to repeal the federal estate tax.
Kansas lawmakers are making working residents pay for tax cuts to the rich.
“Our country needs less inequality and more opportunity. Instead, we’re moving toward a society that will be economically and politically dominated by the sons and daughters of the Forbes 400.”
“Good grief, Congress. Are you really going to give another tax break to those of us who need it least?”
Patriotic Millionaires Chair Morris Pearl slammed the vote as “a return to an aristocratic elite that was rejected by the American Revolution.”
As history demonstrates, modest changes in the tax rate for wealthy taxpayers don’t make much of a difference if the goal is to build new companies, drive technological development and stimulate new industries.
The Patriotic Millionaires are delighted to announce their merger with Wealth for the Common Good, a network of over 5,000 high net-worth individuals and business leaders who share the Patriotic Millionaires’ mission to fight for a fairer tax system.
As every good businessman knows — including Governor Romney with whom I had been associated as a limited partner at Bain Capital Ventures —the soundness of a company and its ability to create jobs does not rest on lower taxes for the company or its senior management.
As we make our way into 2015, the Patriotic Millionaires have begun rolling out our two year plan to combat key issues facing our nation’s economy. The media is taking notice, including Bloomberg who profiled the group on their Bloomberg View Politics blog in March:
Growing economic inequality is, without a doubt, one of the most pressing challenges currently facing our country. A recent study by Oxfam revealed that by 2016 the richest 1% will control over 50% of all wealth, exceeding that of the other 99% of the population combined.
Accuse backers of “promoting a wealthy aristocracy more suited to 19th century Europe than 21st century America.”