Hundreds of America’s wealthiest are begging Congress not to lower their taxes.
More than 400 American millionaires and billionaires have signed a letter made public this week, in which they urge Congress to raise, rather than cut, their taxes.
In the letter, the signatories ask Congress not to pass a tax bill that “further exacerbates inequality” and adds to the national debt. They note a concern that revenue loss “would lead to deep cuts in critical services such as education, Medicare and Medicaid, and would hamper our nation’s ability to restore investments in our people and communities.”
