Press Release: Patriotic Millionaires Strike Again

For Immediate Release: Contact: Jesse Beck at AGENDA PROJECT
April 13th, 2011                                                                      212-481-8302

or jbeck@agendaproject.org

**** www.patrioticmillionaires.org

Patriotic Millionaires Strike Again

Millionaires to President, Reid and Boehner:

“Increase our taxes NOW!”

 

Signers include: Director Doug Liman (Bourne Identity, Mr and Mrs Smith and Fair Game), actress Edie Falco (Nurse Jackie), the founder of Esprit, the founder of Ask.com, the founder of the Princeton Review, legendary philanthropist Michael Steinhardt, top Google engineers, famed economist Nouriel Roubini, financial guru Andrew Tobias, top executives from Blackrock and Warburg, Pincus, and many more.

In a letter to President Obama, Hon. Harry Reid, and Hon. John Boehner, today some of the country’s most prominent millionaires from business, entertainment, finance and technology asked the nation’s leaders to RAISE THEIR TAXES FOR THE GOOD OF THE COUNTRY.

Although the change would cost them thousands of dollars, the group says they want to do their “fair share.”   Each of the Patriotic Millionaires who signed the letter have made more than $1 million in a year and are THE SAME people who would pay the increased  taxes.

THE LETTER

Dear Mr. President, Hon. Harry Reid, and Hon. John Boehner,

We are writing to urge you to put our country ahead of politics.
For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you increase taxes on incomes over $1,000,000.
We make this request as loyal citizens who now or in the past earned incomes of $1,000,000 per year or more.
Our country faces a choice – we can pay our debts and build for the future, or we can shirk our financial responsibilities and cripple our nation’s potential.
Our country has been good to us.  It provided a foundation on which we could succeed.  Now, we want to do our part to keep that foundation strong so that others can succeed as we have.
Please do the right thing for our country.  Raise our taxes.

Sincerely,

Patriotic Millionaires

The Patriotic Millionaires created a media firestorm during last year’s lame duck session when they called on the President to ‘stand firm against those who would put politics ahead of their country’ (press coverage below).

“These Patriotic Millionaires are willing to put duty to the country first – they hope the President and the leaders in the House and Senate will do the same thing,” said Erica Payne, Founder of the Agenda Project and lead coordinator of the millionaires campaign with Wealth for the Common Good.

“Raising millionaire tax rates could raise $60-$80 billion a year in revenue,” said Alison Goldberg, Coordinator of Wealth for the Common Good.

“This small monetary sacrifice is both an ethical and patriotic decision, made in the hopes of allowing the United States of America to continue to be a leader economically, politically, and morally,” said Garrett Gruener, founder of Ask.com.

“We have only three choices: cut spending, raise taxes, or go bankrupt.  Congress seems to be utterly incapable of cutting spending, and I don’t want the country to go bankrupt,” said Ron Garret a former Google software engineer and former Principal Research Scientist at Jet Propulsion Laboratory.

Patriotic Millionaires for Fiscal Strength 1.0 received major media coverage including:

ABC, CNN, The Washington Post, Fox Business (twice), MSNBC, CBS, and  Yahoo News, Salon, ForbesSlatestPressTVPersonal Finance Bulletin, Daily Kos, The Nation, New YorkMagazine, Wall Street Journal, The Atlantic, Chicago Sun Times