“Patriotic Millionaires” Call for End of Bush Tax Cuts

Not that this is going to sway an of the millionaire politicians in Washington, but “calling themselves “Patriotic Millionaires for Fiscal Strength,” the 40-plus signers today launched a website and a campaign that they hope will draw support from others who agree that fiscal responsibility should begin with those who can best afford it.”  Basically, guys like hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry’s fame are insisting that they don’t need Bush’s tax cut.  Shocking, I know!  Anyways, it’s not going to do much, but it’s a nice sentiment.  Kind of like when you ask your friend to hang out or grab a drink when you know they won’t be able to.

Comments on this entry are closed.

  • heidismith1 November 23, 2010, 6:45 am

    So why aren't they cutting checks right now and giving it to the Govt.????

    • jamesfurbush November 23, 2010, 7:13 am

      It's a good question. But I think what they're arguing is as enormously wealthy people they don't necessarily need the tax cut, that they're fine with paying pre-Bush-era tax rates. With that said, they can afford to do that because they probably have good tax lawyers/accountants and tax shelters anyways. All I know is something has to give when it comes to the deficit in America sadly it's probably a combination of tax increases and spending cuts.

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