Connect with us

Politics

New ‘Patriotic Millionaires’ group says: Please, tax me more

Published

on

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

By Ali Vitali and Stefanie Cargill

WASHINGTON — Karen Seal Stewart is rich. And she wants to pay more in taxes.

Yes, you read that right.

Stewart is one of the Patriotic Millionaires, a group of about 200 wealthy individuals — worth billions combined — who say they should be taxed more, and as soon as possible.

“It’s a matter of equity, fairness and the fact that we have the money to pay the taxes and we’re not being asked to pay them,” Stewart, a former real estate executive, told NBC News. “My sense is we are really at a cusp. We better get our act together ’cause … the lack of fairness and opportunity is growing.”

“We see how the system is skewed in our favor, and how that’s really hurting our country, and in the very long run, hurting us, too,” Morris Pearl, Patriotic Millionaires chairman and a former BlackRock managing director, said last week at a gathering for the group in Washington, D.C.

For Pearl, it’s about his kids and grandkids being able to “grow up in the same kind of country where I grew up, to have the opportunities I did. And … (they) are not gonna have the same opportunities I had if we continue the direction we’re going.”

Asked about the best ways to fix the tax system, Pearl notes there are “a lot of possibilities out there.”

Many of those ideas are being floated the Democratic campaign trail, where 2020 hopefuls are putting the wealth gap front and center.

For some, like Massachusetts Sen. Elizabeth Warren, taxing wealth — as opposed to income — is the answer, a proposal that sets her apart in a Democratic field that largely agrees on rolling back the tax cuts for corporations and top earners that were backed by President Donald Trump and congressional Republicans.

Others in the field, like former Texas Rep. Beto O’Rourke, support a wealth tax but have not released specific plans. And Vermont independent Sen. Bernie Sanders has proposed hiking the estate tax, something he estimates would hit the small fraction of Americans who inherit more than $3.5 million.

The idea of taxing the rich more isn’t just popular among the Patriotic Millionaires.

In fact, 63 percent of voters think higher-income people pay too little in taxes, according to a Politico-Morning Consult online poll. And Warren’s plan plays well across party lines — with 74 percent of Democrats backing her proposal, and half of Republicans, in that same poll.

The millionaires aren’t backing any specific candidate — though they say Warren is right on taxing wealth. They just want action.

“Important things” like infrastructure and health care require money, Stewart said. “You need to get the money where it is. It’s with the wealthy. … Do not feel sorry for us. We will still be fine. And the country will be better off.”

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

Reporter asks Mueller about his report, drawing a ‘no comment’

Published

on

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

By Allan Smith

Special counsel Robert Mueller has spoken — and he’s giving no comment.

Mueller was approached by MSNBC’s Mike Viqueira on Sunday as he was leaving St. John’s Episcopal Church in Washington, D.C., for Easter services. Viqueira asked Mueller as he and his wife, Ann Mueller, were getting into their car whether he would testify before Congress after the Thursday release of his report on President Donald Trump and Russian electoral interference.

Mueller said he would be offering “no comment.”

Viqueira then asked Mueller if he had been investigating anyone other than Trump, and the evidence was identical, would they be indicted? The reporter also asked why Mueller did not make a recommendation on possible obstruction of justice and if Attorney General William Barr accurately characterized the report in his initial summary and subsequent press conference.

Mueller did not respond as he entered his car.

“I think it’s accurate to characterize Director Mueller today as being ‘tight-lipped’ in response to my questions,” Viqueira said afterwards on MSNBC.

Mueller has remained silent during the course of his probe, which began in May 2017, refusing to engage in public discourse about the investigation. Mueller’s “no comment” was the first time he had spoken publicly to the media about the investigation since its inception.

In his 400-plus page report on Russian interference in the 2016 presidential election, possible collusion between the Trump campaign and Russian officials and whether the president sought to obstruct justice, Mueller said he was unable to establish a Trump-Russia conspiracy and said he could not come to a traditional prosecutorial decision on obstruction.



Source link

Continue Reading

Politics

In online ad, Howard Schultz says ‘majority of Americans are Americans’

Published

on

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

By Allan Smith

A new Facebook ad from possible 2020 presidential candidate Howard Schultz gained attention online over a line saying “the majority of Americans are Americans.”

Schultz, who has said he may run as a centrist independent, has based his potential candidacy on a message of nonpartisanship. Schultz has taken socially liberal and fiscally conservative positions, insisting that both Republicans and Democrats are too extreme to govern. The former Starbucks chairman and billionaire businessman has made the national debt a central issue of his possible run.

In the Facebook ad, Schultz writes: “The majority of Americans aren’t Democrats or Republicans, the majority of Americans are Americans.”

The line drew mockery online from observers who thought the statement that most Americans are American was rather obvious.



Source link

Continue Reading

Politics

Jeremy Corbyn attacked by veterans for labelling British SAS soldiers 'LAWLESS' at rally

Published

on

JEREMY CORBYN has been heavily criticised by veterans after a video emerged of him branding British Army forces in Iraq “lawless”.

Source link

Continue Reading

Trending