News / USA

US 'Patriotic Millionaires': 'Tax Us More'

Jeff Swicord
In Washington - a group calling themselves "Patriotic Millionaires," storming Capitol Hill with their message for the president and Congress: “tax us more, we can take it.”

“We have the fastest growing rate of inequality in the developed world," said one.

They are in line with President Obama, who has vowed to raise taxes on the wealthiest Americans as part of a budget deal needed to avoid the looming crisis.  The so-called "fiscal cliff" would force tax increases and deep budget cuts if there is no deal by December 31st.

“When it comes to the top two percent, what I am not going to do is extend a tax cut for folks who don’t need it.  That would cost close to a trillion dollars," said President Obama.

But House Speaker John Boehner has made it clear the wealthiest Americans should not see their taxes go up.

“I have outlined a framework for how both parties can work together to avert the fiscal cliff without raising tax rates," said Boehner.

The Patriotic Millionaires disagree with Speaker Boehner.  They take issue with the Republican Party’s argument that taxing wealthy job creators will lead to fewer jobs.  T.J. Zlotnitsky is CEO of iControl Systems, a data management company.

“When I make a decision about whether or not I am going to hire people to help grow my business I make those decisions strictly on the basis of whether the company needs them, whether the customers demand them, whether doing so will grow the business.  In terms of my own personal tax rates, that never factors in," he said.

The millionaires argue that over-burdening the middle-class with taxes to pay for the U.S. deficit would be far worse for the economy.

“It is especially important about the middle class.  If you lose the middle class, you are losing customers.  So a strong middle class that is helped by a fair tax system leads long-term to a healthy economy," said Frank Patitucci, CEO of NuCompass Mobility..

'Patriotic Millionaires' has more than 200 members across the United States, who work in the fields of finance, entertainment, and technology.

You May Like

Video In US, Columbus Day Still Generates Controversy

Holiday marks date Columbus discovered Americas, but some are offended by legacy because he enslaved many natives he encountered More

Video Through Sports, Austria Tries to Give Migrants Traction

With 85,000 people expected to claim asylum in Austria this year, its government has made integration through joint physical activities a key objective More

Video Kickboxing Champion Shares Sport With Young Migrants

Pouring into Europe by hundreds of thousands, some migrants, especially youngsters, are finding sports a way to integrate into new host countries More

This forum has been closed.
Comment Sorting
by: derek
November 23, 2012 6:55 PM
How nice of those millionaires. Although, that's not really going to do much in the long run. Taxing rich people more just because there is a widening gap in income? Maybe they should look at why there is an income gap, and not just look at taxing those who already pay most of the taxes to pay more.

Trying to cure the symptom and not the disease.
In Response

by: Anonymous
December 05, 2012 11:06 PM
There is a huge gap in income because that is how capitalism works. The rich strive to get richer by employing the poorer to earn more money for the rich. Socialism works to limit this, but few societies can get it just right. And good luck getting that message across to Americans.

by: mhey from: Philippines
November 21, 2012 5:51 AM
Wow! I salute for these people who volunteer to have higher tax, MABUHAY kayo.In Philippines the BIR are following after Pacquiao how about Lucio Tan who owns the PAL?

by: trussell from: USA
November 18, 2012 12:21 PM
These are true patriots. They want the USA to do well, unlike the Americans that hide their money overseas to avoid taxes. That is pure greed.
In Response

by: derek
November 23, 2012 6:57 PM
They can send me money anytime. I'll spend it in a more secure and public-benefitting way than the federal government will by taxation, which is the worst method of spillover control possible. If you don't know what i mean, it's because you don't know what this article is about.

by: Dave R from: New York
November 17, 2012 7:36 PM
This CEO of iControl Systems is obviously lacking some basic business education. You shouldn't be hiring people to "grow" your business unless the marginal cost of hiring that new worker is less than the marginal benefit you can expect to receive. In other words, it is quite easy to add employees and add revenue, but the goal of any business is to increase EARNINGS. "Growing" revenues without growing earnings is a waste of a firm's money - it will drive down the firm's return on equity, and once a firm's return on equity drops below the firm's cost of capital, you are losing money, not earning it. And personal tax rates are a HUGE factor for all small business owners who file under the personal tax code (e.g., most LLC's and S Corps do this). To claim otherwise is nonsensical and demonstrates a complete lack of basic economic common sense.

by: Abdulla from: Malaysia
November 15, 2012 11:06 PM
Really it's clear to every one that defending millionaires to their wealthy is the aim to increase their income and create small number of jobs, but the governments issue towards tax increase is quite good for all, because the government can support small business and create more new jobs to the market. however it's your time to share with the government to lift the income of the middle class and bring new jobs to the market.

by: John from: Colorado
November 15, 2012 6:23 PM
Kudos across the board to all members of the 'Patriotic Millionaires' as noted by a review of your boigraphy data. Granted the 30-40 percent cuts in your taxes will be felt with minimum effect; yet again the right thing is being demonstrated and only would have that the rest of the country stand up and do what is right.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Amnesty Accuses Saudi Coalition of ‘War Crimes’ in Yemeni
Henry Ridgwell
October 12, 2015 4:03 PM
The human rights group Amnesty International has accused the Saudi-led coalition of war crimes in airstrikes against Houthi rebels in Yemen. Henry Ridgwell reports the group says hundreds of civilians have been killed in strikes on residential areas.

Video Amnesty Accuses Saudi Coalition of ‘War Crimes’ in Yemen

The human rights group Amnesty International has accused the Saudi-led coalition of war crimes in airstrikes against Houthi rebels in Yemen. Henry Ridgwell reports the group says hundreds of civilians have been killed in strikes on residential areas.

Video No Resolution in Sight to US House Speaker Drama

Uncertainty grips the U.S. Congress, where no consensus replacement has emerged to succeed Republican House Speaker John Boehner after his surprise resignation announcement. Half of Congress is effectively leaderless weeks before America risks defaulting on its national debt and enduring another partial government shutdown.

Video New Art Exhibit Focuses on Hope

Out of struggle and despair often comes hope. That idea is behind a new art exhibit at the American Visionary Art Museum in Baltimore, Maryland. "The Big Hope Show" features 25 artists, some of whom overcame trauma and loss. VOA’s Deborah Block reports.

Video Columbus Day Still Generates Controversy as US Holiday

The second Monday of October is Columbus Day in the United States, honoring explorer Christopher Columbus and his discovery of the Americas. The achievement is a source of pride for many, but for some the holiday is marked by controversy. Adrianna Zhang has more.

Video Anger Simmers as Turks Begin to Bury Blast Victims

The Turkish army carried out new air strikes on Kurdistan Workers Party (PKK) targets on Sunday, a day after the banned group announced a unilateral cease fire. The air raids apparently are in retaliation for the Saturday bombing in Turkey's capital Ankara that killed at least 95 people and wounded more than 200 others. But as Zlatica Hoke reports, there are suspicions that Islamic State is involved.

Video Bombings a Sign of Turkey’s Deep Troubles

Turkey has begun a three-day period of mourning following Saturday’s bomb attacks in the capital, Ankara, that killed nearly 100 people. With contentious parliamentary elections three weeks away, the attacks highlight the challenges Turkey is facing as it struggles with ethnic friction, an ongoing migrant crisis, and growing tensions with Russia. VOA Europe correspondent Luis Ramirez reports.

Video Afghanistan’s Progress Aided by US Academic Center

Recent combat in Afghanistan has shifted world attention back to the central Asian nation’s continuing civil war and economic challenges. But, while there are many vexing problems facing Afghanistan’s government and people, a group of academics in Omaha, Nebraska has kept a strong faith in the nation’s future through programs to improve education. VOA’s Greg Flakus has more from Omaha, Nebraska.

Video House Republicans in Chaos as Speaker Favorite Withdraws

The Republican widely expected to become the next speaker of the House of Representatives shocked his colleagues Thursday by announcing he was withdrawing his candidacy. The decision by Majority Leader Kevin McCarthy means the race to succeed retiring Speaker John Boehner is now wide open. VOA National Correspondent Jim Malone reports.

Video German, US Officials Investigate Volkswagen

German officials have taken steps to restore some of the reputation their car industry has lost after a recent Volkswagen diesel emissions scandal. Authorities have searched Volkswagen headquarters and other locations in an effort to identify the culprits in the creation of software that helps cheat on emission tests. Meanwhile, a group of lawmakers in Washington held a hearing to get to the bottom of the cheating strategy that was first discovered in the United States. Zlatica Hoke reports.

Video Why Are Gun Laws So Hard for Congress to Tackle?

Since taking office, President Barack Obama has spoken out or issued statements about 15 mass shootings. The most recent shooting, in which 10 people were killed at a community college, sparked outrage over the nation's gun laws. But changing those laws isn't as easy as many think. VOA's Carolyn Presutti reports.

Video In 'He Named Me Malala,' Guggenheim Finds Normal in Extraordinary

Davis Guggenheim’s documentary "He Named Me Malala" offers a probing look into the life of 18-year-old Malala Yousafsai, the Pakistani teenager who, in 2012, was shot in the head by the Taliban for standing up for her right to education in her hometown in Pakistan's Swat Valley. Guggenheim shows how, since then, Malala has become a symbol not as a victim of brutal violence, but as an advocate for girls’ education throughout the world. VOA’s Penelope Poulou has more.

Video Paintable Solar Cells May Someday Replace Silicon-Based Panels

Solar panels today are still factory-manufactured, with the use of some highly toxic substances such as cadmium chloride. But a researcher at St. Mary’s College, Maryland, says we are close to being able to create solar panels by painting them on a suitable surface, using nontoxic solutions. VOA’s George Putic reports.

VOA Blogs