US millionaires say ‘raise our taxes’
A 138-strong wealthy group launches appeal to congress to “do the right thing” for the sake of the nation.
Published On 17 Nov 2011
Nearly 140 millionaires have asked a divided US congress to increase their taxes for the sake of the nation.
“Please do the right thing, raise our taxes,” the entrepreneurs and business leaders wrote to President Barack Obama and congressional leaders on Wednesday, noting that they benefited from a sound economy and now want others to do so.
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The letter was signed by 138 members of “Patriotic Millionaires for Fiscal Strength“.
The group was created a year ago during a failed bid to persuade congress to end tax cuts for millionaires enacted under Obama’s predecessor, the Republican George Bush.
Al Jazeera’s Alan Fisher, reporting from Washington DC, said the group is now making the same request of a 12-member congressional “super committee”, which is struggling to reach a bipartisan deal to cut the deficit by at least $1.2tn over the next decade in order to help put the nation on sound financial footing.
Source: Al Jazeera