6 years ago
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Hundreds of millionaires are banding together to tell Congress: Raise our taxes
Over 400 millionaires and billionaires from the United States plan to send a letter to Congress this week petitioning on lawmakers not to cut their taxes — but to raise taxes on the wealthy, according to a Washington Post report. Instead of calling for tax cuts for the rich, the letter urges lawmakers not to pass any tax bill that "further exacerbates inequality" and adds to national debt, the article said. The move comes at a time when inequality is at its peak since the 1920s and government debt levels are also high, the Post reported.
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https://www.cnbc.com
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They should be writing to simplify the tax code, that is the real issue. There are so many twists and turns that only the rich can pay to navigate them. It doesn't matter how high you raise them, there is always a new avoidance method to counter.