Patt Morrison for November 16, 2011
Millionaires lobby deficit-reduction supercommittee to please, raise its taxes
Mark Wilson/Getty Images
Doug Edwards (C) is flanked by other millionaires while urging Congress to raise his taxes during a news conference on Capitol Hill on November 16, 2011 in Washington, DC.
A group of 21 millionaires spanning from Berkeley to Boston lobbied Congress today to increase taxes on the wealthiest Americans.
The group, Patriotic Millionaires for Fiscal Strength, includes Ben & Jerry’s Ice Cream founder Ben Cohen; actress Edie Falco; economist Nouriel Roubini; and Garrett Gruener, founder of Ask.com. Together, they’re asking the deficit reduction super committee to create a new tax bracket for households making over $1 million a year with a tax rate of 39.6%, an increase of 13%. After meeting with members of the super committee, the group headed to the offices of conservative anti-tax activist Grover Norquist to convince him of their proposal. Patt checks in with both parties about how the day went.
WEIGH IN:
Should we be increasing taxes on the wealthiest of Americans? Are there unintended consequences of raising taxes on the rich?
Guests:
Charlie Fink, millionaire with Patriotic Millionaires
Grover Norquist, president of Americans for Tax Reform














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