A group calling itself the Patriotic Millionaires for Fiscal Strength traveled to Capitol Hill during the week of Nov. 14 to ask Congress to raise their taxes as part of an attempt to balance the nation’s budget.
Charlie Fink, a former AOL executive told ABC News that if Bush-era tax cuts for the nation’s wealthiest individuals continue to be extended then the county is “digging itself a big hole.”
“Without revenue, we will never solve the problem by giving tax cuts to the wealthy while supporting two foreign wars,” he said.
President Barack Obama and his Democratic colleagues in Congress have been calling for small increases in taxes on the wealthy. However, Congressional GOP members claim such increases would kill job growth. The Patriotic Millionaires said that notion is simply untrue.
Eric Schoenberg, chairman of Campus Works, a higher education technology company, told Reuters that the effect of the proposed increases on him and the rest of the group’s millionaires would amount to “as much as a dead fly interrupts a picnic.”
Conservative Congressmen and associated lobbyists had a different idea to achieve the group’s goals, calling on them to simply pay more taxes than they owe.
“If you think the federal government can spend your money better than you can, then by all means, pay more in taxes than you owe,” Grover Norquist, the head of Americans for Tax Reform, a group organizing support against tax hikes, told the Associated Press.
“The IRS should have a little line on the form where people can donate money to the government, he suggested, “just like the tip line on a restaurant receipt.”