With the fiscal cliff approaching, four dozen California millionaires have renewed their call for Congress to let tax cuts expire for America’s richest citizens.
The millionaires are part of the national group Patriotic Millionaires for Fiscal Strength, a movement of more than 200 Americans with incomes over $1 million a year calling for higher taxes on incomes of that level. They’re joining with The Action, a broad coalition of labor and progressive groups pursuing the same goal.
“The rich have done extremely well in America for the past 30 years and it is past time for them to begin paying more taxes to support better public services,” retired attorney Guy Saperstein of Piedmont, one of the millionaires, said in today’s news release.
Another of the millionaires, former Wall Street Executive and author Ken Morris of Ross, said “fiscal intelligence suffered while millionaires benefited from GOP intransigence on fair taxation for far too long.”
“For the sake of renewing middle class economic health, it is high time to undo those policies by allowing the Bush tax cuts on the wealthiest 2 percent of Americans to expire,” he said.
Follow after the jump for a full list of the California millionaires…
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