Monday, November 22, 2010

Millionaires to Obama: Tax us

For months we have seen anti-tax activists who are calling on legislators to extend all of the Bush tax cuts. However, a group of wealthy taxpayers have emerged that are actually asking to be taxed. More than 40 of the wealthiest people in the U.S. are asking the government to raise their taxes; saying they have more than they can ever need, so why not spread it around?

Yahoo News reports

    More than 40 of the nation's millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.

    "For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled," their website states. "We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more."

    The group includes many big-time Democratic donors such as Gail Furman, trial lawyer Guy Saperstein and Ben Cohen of Ben & Jerry's ice cream (pictured). The list remains open to millionaires who want to sign on.

Read more here

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