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Thursday, July 28, 2011

Patriotic Millionaires

Read the Patriotic Millionaires' Stinging Letter to Senate and House Republicans here!
Dear Mr President
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 an income 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 through 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.
Thank you,
D ASan Francisco, CA
Naomi Aberly
Dallas, TX
EVELYN ALDRICH-WINTHROPRumson, NJ
MICHAEL ALEXANDEREl Macero, CA
Cynda Collins Arsenault
Superior, CO
Jacob B
New York, NY
WD BAspen, CO
MICHAEL BARRBaltimore, MD
HENRY BEANNew York, NY
Dick Beattie
New York, NY
Paul Beirne
New York, NY
Lawrence B. Benenson*
New York, NY
Daniel Berger
Philadelphia, PA
Robert S. Bowditch
Brookline, MA
Brady Brim-Deforest*
Los Angeles, CA
David A. Brown
Berkeley, CA
Mark Buell
San Francisco, CA
Susie Buell
San Francisco, CA
Doug Carlston
San Rafael, CA
David Chiang
Las Vegas, NV
JEROME CLELANDSan Diego, CA
Tom and Noel Congdon
Denver, CO
ROY CRAWFORDWhitesburg, KY
A DSacramento, CA
SCOTT DELMANNew York, NY
David desJardins
Burlingame, CA
Abigail Disney
New York, NY
BILL DONALDSONRedford, MI
MARTA DRURYSan Francisco, CA
DOUG EDWARDSLos Altos, CA
Paul and Joanne Egerman*
Boston, MA
JAY EISENHOFERNew York, NY
Niko Elmaleh
New York, NY
DAN F.Greenwich, CT
Edie Falco
New York, NY
Ronald Feldman
New York, NY
JERRY FIDDLERBerkeley, CA
Christopher Findlater
Naples, FL
Charlie Fink
Washington, DC
JONATHAN FISHERSeattle, WA
RICHARD FOOS
ERIC FREDRICKSONLos Gatos, CA
JOHN FULLERTONRye, NY
Ron Garret, PhD
Emerald Hills, CA
BILL GAWTHROPYorkville, CA
DREW GINSBURGDallas, TX
STEVEN GLUCKSTERNSan Francisco, CA
David Goldschmidt
Princeton, NJ
JOSH GORDONLas Vegas, NV
Linda Gottlieb
New York, NY
Garrett Gruener*
Oakland, CA
JEFF GURALNew York, NY
Nathan Hadfield*
Provo, UT
BRUCE HELMERChanhassen, MN
Suzanne and Lawrence Hess*
San Diego, CA
ARNOLD HIATTBoston, MA
KENNY HILLMAN
LEO HINDERY, JR.
New York, NY
Bill Janeway
New York, NY
Frank Jernigan*
San Francisco, CA
Melissa C. Johnsen*
Kirkwood, MO
John S. Johnson
New York, NY
Rob Johnson
New York, NY
WAYNE JORDANOakland, CA
William Jurika
Piedmont, CA
JOSEPH KAEMPFERMclean, VA
AL KAHNNew York, NY
JOEL KANTERVienna, VA
Josh Kanter
Sandy, UT
ROB S. KAPLANNew York, NY
Rochelle Kaplan
Salt Lake City, UT
JANE KATCHER
John Katzman
New York, NY
John Kortenhaus*
Plano, TX
DAL LAMAGNAPoulsbo, WA
STEVE LARRSONFairfax, WA
JOAN LEIBOVICHBoston, MA
David Levine*
New York, NY
Mary & Charles Liebman*
IL
Doug L
New York, NY
Art Lipson
Salt Lake City, UT
Eugene Long
Plymouth Meeting, PA
ALEXANDER MLos Altos, CA
MICHEL MARKSRed Bank, NJ
WIN MCCORMACKPortland, OR
DOC MCCOYFort Worth, TX
GERALD MCHUGHPhiladelphia, PA
TERENCE MEEHANNew York, NY
Dennis Mehiel
New York, NY
DIANE MEYER SIMONSanta Barbara, CA
HERB MILLERWashington, DC
Vibhu Mittal
Palo Alto, CA
KEN MORRISSan Francisco, CA
STEVEN NAGOURNEYNew York, NY
SHEKAR NARASIMHANMclean, VA
Chris Nelson
Barrington, RI
KELLY NELSON
WENDY NEUNew York, NY
Peter Norvig*
Palo Alto, CA
LARRY NUSBAUMPhoenix, AZ
Frank Patitucci*
Pleasanton, PA
RAKITA PAYNEVirginia Beach, VA
Morris and Barbara Pearl
New York, NY
Judy Piggot*
Seattle, WA
Rebecca Pontikes*
Catherine Raphael*
ANDY RAPPAPORTMenlo Park, CA 
GREAT NECK RICHMANNew York, NY 
NOURIEL ROUBINI
New York, NY
Jonathan Rose
New York, NY
MICHAEL SALAKODeSoto, TX
Guy and Jeanine Saperstein
Piedmont, CA
Heike Schmitz
Palo Alto, CA
Fritz Schneider*
San Francisco, CA
DAVID SCHROEDERSSarasota, FL
JAMES SEILERAlpine, NJ
SYBIL SHAINWALDNew York, NY
Ed Shufro
Craig Silverstein
Mountain View, CA
Michael Steinhardt
New York, NY
DAN STEVENSNaples, FL
SARAH STRANAHAN
SANDOR AND FAYE STRAUS
Lafayette, CA
SIMON STRAUSSNew York, NY
PAT STRYKERFort Collins, CO
MAUREEN TATEPhiladelphia, PA
WHITNEY TILSONNew York, NY
Andrew Tobias
New York, NY
BETH UFFNERNew York, NY
SUSAN VAN DOLSENRye, NY
PHILLIPE VILLERSConcord, MA
CHRISTY AND SCOTT WALLACEWashington, DC
ROSS WALLERLexington, VA
David Watson
Oakland, CA
ANGELA WBNew York, NY
Peter Weinberger
New York, NY
Bernard and Carol Winograd
New York, NY 
Sign the letter






You Should Know... Only 375,000 Americans have incomes of over $1,000,000
Between 1979 and 2007, incomes for the wealthiest 1% of Americans rose by 281%
During the Great Depression, millionaires had a top marginal tax rate of 68%
In 1963, millionaires had a top marginal tax rate of 91%
In 1976, millionaires had a top marginal tax rate of 70%
Today, millionaires have a top marginal tax rate of 35%
Reducing the income tax on top earners is one of the most inefficient ways to grow the economy according to the non-partisan Congressional Budget Office
44% of Congress people are millionaires. The tax cuts were never meant to be permanent
Letting tax cuts for the top 2% expire as scheduled would pay down the debt by $700 billion over the next 10 years
History In November, 2010 more than 100 of the country’s most financially successful citizens came together to urge the President to let the Bush era tax cuts expire for people making more than $1 million a year. An outpouring of public support encouraged them to continue their fight. Here is some of the press from their efforts.
hatch
On April 14th, Sen. Orrin Hatch (R-UT) commented that: "We hear this quite a bit from rich Democrats. 'Please tax us more,' they say. Well I know a lot who don't say that I'll tell you that. As the ranking member on the Senate Finance Committee I feel obligated to inform Mr. Plouffe that the president and all those rich, liberal democrats who are eager to pay higher taxes can do just that. They can write a check to the IRS and make an extra payment on their tax return to pay down the federal debt. The option is right there at the bottom of their tax return."
In response, the Patriotic Millionaires released a statement to the press saying: "A few of us voluntarily writing a check to the IRS will not fix the problem that Sen. Hatch and his colleagues created for our country with their fiscal irresponsibility. It will take the work of all Patriotic Americans to create a strong foundation for our continued prosperity. We are willing to do our part by paying higher taxes. It is clear Senator Hatch and many of his colleagues are not willing to do theirs. We challenge Senator Hatch and the other millionaire members of the Senate to put their country first and raise taxes on people like them – and us – who make more than a million dollars a year. In the meantime, if Senator Hatch would like to make a personal contribution to the IRS to help his country, we pledge to match his contribution."
The following week, the Millionaires received a letter from Sen. Hatch detailing the reasoning behind his statement. Click here to read his letter.
The Millionaires responded in kind. You can read their letter here.

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