A pack of millionaires descended on Washington, DC, Wednesday to tell Congress to take more of their money. The Patriotic Millionaires for Fiscal Strength, a group formed in 2010 to push Obama to allow the Bush tax cuts on millionaires to expire, are back, and lobbying for the same thing as Congress faces the looming fiscal cliff.
A dozen or so 1-percenters, representing the group’s total membership of about 200, are meeting with lawmakers on both sides of the aisle this week to deliver the message that “we care as much about our country as we do about our money,” and that any budget agreement Congress cobbles together in the coming weeks should include fat taxes on the rich.
The millionaires are quick to point out that they are not just a bunch of bleeding-heart libs. They’re a coalition of Democrats, Republicans, and independents who see upping taxes on the rich as a practicality, not charity.
“I’m acting out of selfishness,” said Woody Kaplan, a businessman from Boston (who incidentally voted for Gary Johnson for president). “With every business I’ve owned, customers have been terribly important. If we give the middle class a break, then we’re much more likely to grow the middle class, and that will make all of us stronger.”