Press Release: 410 High-Income Americans Press Congress and President Obama to “Let My Tax Cuts Expire”

Boston, MA, November 23, 2010– In a spirit of thanksgiving, a group of 410 high-income Americans have signed a petition sponsored by Wealth for the Common Good, a network of business and civic leaders, wealthy individuals and partners promoting fair and adequate taxation to support public investment in a healthy economy.

These high-income earners join thousands of others to “Call on Congress and President Obama to allow the Bush-era tax cuts for those with taxable incomes over $200,000 (individual) and $250,000 (couple) to expire on Dec. 31, 2010. The increased revenue, an estimated $700 billion over 10 years, should go toward making long overdue investments in education, health, job creation, renewable energy, transportation and other infrastructure.”

Included among the petition signers are bankers, lawyers, doctors, financial professionals, business owners and civic leaders.

Jeffrey Hayes, president, Stratalys Research & Consulting signed the petition “Because my success owes as much to luck as hard work, and much of that luck is a function of the social, political, and economic structures that the government makes possible.  I’ve had a good run over the last few years.  There’s no question that others now deserve to share in that prosperity.”

Peter Heegaard, retired banker and former Managing Principal of Lowry Hill, a subsidiary of Wells Fargo says: “I’m a big believer in the importance of mentorship, of helping the next generation of business and community leaders find their way. But I also view efficient government and adequate tax revenue as essential ingredients in fostering the fertile soil for business development and healthy communities. Just as a healthy farm or garden needs a balance of nutrients, our country needs a balanced and fair tax system.”

Bryan Kirschner, VP at a global opinion and strategy consulting firm says: “Recently, I took a new job as an executive in a consulting company. We compete for clients all over the world. To grow my business, I need new employees with great critical thinking and analytical skills. I want the United States to invest in education, making it possible for every child to receive quality early childhood education, and ensuring the same federal financial aid that helped me is available to every family working hard and making sacrifices to pursue higher education. As Congress begins debate over whether to extend the Bush-era tax cuts for the wealthy or let them expire at the end of the year, I hope our elected officials have the courage to let my tax cuts expire.”

The group is delivering the petition to Congress and President Obama after Thanksgiving, as the debate about the expiring Bush-era tax cuts for high-income households is expected to heat up.

For a list of petition signers, visit www.wealthforcommongood.org. To arrange interviews with petition signers, contact Bob Keener or Chuck Collins.