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More than 400 millionaires tell Congress: Don’t cut our taxes

Sunstone

Sunstone

De Diablo Del Fora
Premium Member
More than 400 millionaires tell Congress: Don’t cut our taxes

More than 400 American millionaires and billionaires are sending a letter to Congress this week urging Republican lawmakers not to cut their taxes.

The wealthy Americans — including doctors, lawyers, entrepreneurs and chief executives — say the GOP is making a mistake by reducing taxes on the richest families at a time when the nation's debt is high and inequality is back at the worst level since the 1920s.

The letter calls on Congress not to pass any tax bill that “further exacerbates inequality” and adds to the debt. Instead of petitioning tax cuts for the wealthy, the letter tells Congress to raise taxes on rich people like them. It is being released publicly this week, as Republicans debate legislation that would add $1.5 trillion to the debt to pay for widespread tax cuts for businesses and individuals.
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Comments?
 
Revoltingest

Revoltingest

Pragmatic Libertarian
Premium Member
Quetzal said:
It is nice to see a conscious in some of the countries elite.
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At the risk of enraging a fell predator.....
"conscience"
"country's"

We need tax reform, but cutting revenue without cutting
spending or reducing the national debt isn't reasonable.
 
Thief

Thief

Rogue Theologian
last I heard....there are 380 million Americans

that was some time ago
so the upper crust are not so many?

anyone care to post numbers?
 
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Thief

Thief

Rogue Theologian
maybe history of France
or maybe history of Russia
or any other impovished nation
rings a bell
 
Thief

Thief

Rogue Theologian
if you took the total sum of America's wealth.....
gave every CITIZEN a million dollars.....

what then?
 
Thief

Thief

Rogue Theologian
see we give other countries billions of dollars
every time an event happens

why not give every American a cool million?
it would only cost.....380billion
 
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Shadow Wolf

Shadow Wolf

Certified People sTabber
Thief said:
see we give other countries billions of dollars
every time an event happens

why not give every American a cool million?
it would only cost.....380million
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Germany tried something similar. Calling their inflation rampant is putting it very mildly.
 
Quetzal

Quetzal

A little to the left and slightly out of focus.
Premium Member
DavidFirth said:
That's one democratic party ideal I actually like.
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Which is why I am surprised when financially conservative folks tend to vote on a republican tax model that seeks to hurt them the most. Trump's tax proposals should be of no surprise to anyone. Any analyst worth their salt was predicting this in October of last year.
 
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