PATRIOTIC MILLIONAIRES FOR FISCAL STRENGTH

CLICK the header to check out these 1%ers who are calling on congress to raise their taxes. These are people who are millionaires who recognize the vast income gap is not healthy for the nation and who accept the responsibilities they have to the social contract with the nation. And be sure to read the PMFS debate with sen orrin hatch r UT about their call for raising taxes on the rich in America.....

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

Thank you Democratic members of the Super Committee and Congress,

Thank you for making the tough decisions, for understanding that no deal was the best deal for America. Thank you for listening to the constituents you serve -- not just us millionaire members, but the 99%. While the majority of Americans are suffering, and making everyday sacrifices in these hard economic times, your Republican counterparts on the Super Committee and in Congress continue to ignore the realities of failed economic policies. They care more about their pledge to Norquist than their pledge to the United States Constitution. Thank you for being patriotic in a time when the American people need you most.

Thank you,
Patriotic Millionaires and Patriotic Americans

We are writing to ask you to do the right thing for our country and REJECT ANY Super Committee deal that does not raise tax rates on incomes over $1 million to AT LEAST 39.6%, REGARDLESS of how many deductions are eliminated.

Private jets shouldn’t have been tax deductible in the first place.

Thank you,
Patriotic Millionaires and Patriotic Americans

Read Our Original Letter

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,

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.