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

Lesotho Faces New Round of Violence, Political Crisis

Brutal killing of military officer has sent former leaders back into S. Africa where they're watching anxiously as regional officials head in to try to restore peace More

Video US Diplomat Expects Adoption of Bosnian Massacre Anniversary Resolution

Samantha Power says there's broad consensus about killings in Bosnia's war, but Russia calls resolution 'divisive,' backs UN countermeasure More

UN Report Exposes Widespread Boko Haram Atrocities

Damning report graphically details pattern of vicious, widespread atrocities committed by Islamist militants More

This forum has been closed.
Comment Sorting
Comments
     
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.
Olympics Construction Scars Sacred Korean Mountaini
X
July 02, 2015 4:10 AM
Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Olympics Construction Scars Sacred Korean Mountain

Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Xenophobia Victims in South Africa Flee Violence, Then Return

Many Malawians fled South Africa early this year after xenophobic attacks on African immigrants. But many quickly found life was no better at home and have returned to South Africa – often illegally and without jobs, and facing the tough task of having to start over. Lameck Masina and Anita Powell file from Johannesburg.
Video

Video Family of American Marine Calls for Release From Iranian Prison

As the crowd of journalists covering the Iran talks swells, so too do the opportunities for media coverage.  Hoping to catch the attention of high-level diplomats, the family of American-Iranian marine Amir Hekmati is in Vienna, pleading for his release from an Iranian prison after nearly 4 years.  VOA’s Heather Murdock reports from Vienna.
Video

Video UK Holds Terror Drill as MPs Mull Tunisia Response

After pledging a tough response to last Friday’s terror attack in Tunisia, which came just days before the 10th anniversary of the bomb attacks on London’s transport network, British security services are shifting their focus to overseas counter-terror operations. VOA's Henry Ridgwell has more.
Video

Video Obama on Cuba: This is What Change Looks Like

President Barack Obama says the United States will soon reopen its embassy in Cuba for the first time since 1961, ending a half-century of isolation. VOA White House correspondent Luis Ramirez reports.
Video

Video Hate Groups Spread Influence Via Internet

Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video US Silica Sand Mining Surge Worries Illinois Residents, Businesses

Increased domestic U.S. oil and gas production, thanks to advances known as “fracking,” has created a boom for other industries supporting that extraction. Demand for silica sand, used in fracking, could triple over the next five years. In the Midwest state of Illinois, people living near the mines are worried about how increased silica sand mining will affect their businesses and their health. VOA’s Kane Farabaugh has more in this first of a series of reports.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Texas Defies Same-Sex Marriage Ruling

Texas state officials have criticized the US Supreme Court decision giving same-sex couples the right to marry nationwide. The attorney general of Texas says last week's decision did not overrule constitutional "rights of religious liberty," and therefore officials performing wedding services can refuse to perform them for same-sex couples if it is against their religious beliefs. Zlatica Hoke reports on the controversy.
Video

Video Rabbi Hits Road to Heal Jewish-Muslim Relations in France

France is on high alert after last week's terrorist attack near the city Lyon, just six months after deadly Paris shootings. The attack have added new tensions to relations between French Jews and Muslims. France’s Jewish and Muslim communities also share a common heritage, though, and as far as one French rabbi is concerned, they are destined to be friends. From the Paris suburb of La Courneuve, Lisa Bryant reports about Rabbi Michel Serfaty and his friendship bus.
Video

Video Saudi Leaks Expose ‘Checkbook Diplomacy’ In Battle With Iran

Saudi Arabia’s willingness to wield its oil money on the global diplomatic stage appears to have been laid bare, after the website WikiLeaks published tens of thousands of leaked cables from Riyadh’s Ministry of Foreign Affairs. VOA's Henry Ridgwell reports.
Video

Video In Kenya, Police Said to Shoot First, Ask Questions Later

An organization that documents torture and extrajudicial killings says Kenyan police were responsible for 1,252 shooting deaths in five cities, including Nairobi, between 2009 and 2014, representing 67 percent of all gun deaths in the areas reviewed. Gabe Joselow has more from Nairobi.

VOA Blogs