400 millionaires, billionaires urge Congress to NOT cut their taxes

Here is a question: if people want their taxes raised, then why don’t they just cut a check to the United States government? It’s that simple.

The Washington Post is reporting that more than 400 millionaires and billionaires will be penning a letter to Congress this week, requesting lawmakers to refrain from cutting their taxes. The newspaper further reports that they also want their taxes raised so politicians can spend more.

The wealthy individuals are demanding that Republicans avoid passing a tax bill that “further exacerbates inequality” and adds to the national debt. The bill is anticipated to add approximately $1.5 trillion to the national debt because it doesn’t cut any spending at all (SEE: Koch Brothers, Republican donors want to ignore deficits in Trump tax reform).

Rather than cut taxes, the signers want the government to spend more money on education, roads and safety net programs.

Reportedly, the letter was put together by Responsible Wealth, an organization that promotes progressive issues. Some of the names included are billionaire hedge fund manager George Soros and philanthropist Steven Rockefeller. Here is some more info about the group from the left-leaning newspaper:

Responsible Wealth is a liberal organization that teamed up for Voices for Progress on this campaign. Most of the signers of the letter come from California, New York and Massachusetts, states that went for Democrat Hillary Clinton in the last election. Former labor secretary Robert Reich, a backer of Bernie Sanders, also signed the letter. They hope to remind Congress that not everyone is clamoring for lower taxes. Several signers have already visited Capitol Hill to meet with Republicans and Democrats, especially from their home states.

Again, if you don’t want your taxes to be cut so you can help pay for more war and waste, then why not simply cut a check to the government? This would save a lot of time, effort and grandstanding.

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