It was just a matter of time before the rich in this country made their voices known, either in favor of the Bush tax for the wealthy, or in favor of ending them altogether. Well now, and not a moment too late, a group of these wealthy folks have come forward and doing just that. But contrary to what the Republicans might think, these millionaires are asking President Obama to tax them more.
The group, made up of more than 40 of America’s most prosperous entrepreneurs – including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry’s – have formed a website in the hopes that others would join their efforts to restore financial responsibilities for all Americans, and not just the middle class.
In a letter to the President, the group states;
We are writing to urge you to stand firm against those who would put politics ahead of their country.
For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.
We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.
We have done very well over the last several years. Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.
