Millionaires Ask President To Let Bush Tax Cuts Expire

A group calling themselves ‘Patriotic Millionaires for Fiscal Strength’ launched a website today hoping to draw support from like-minded individuals who feel that those who can afford it should bear their fair share of fiscal responsibility. In an open letter, the group urges President Obama to ‘allow tax cuts on incomes over $1,000,000 to expire at the end of the year as scheduled’ for the fiscal health of the nation. The letter goes on to state ‘We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt carried by other taxpayers.’

Amongst the 40-plus signers of the letter so far are hedge fund guru Michael Steinhardt, trial lawyer Guy Saperstein and Ben Cohen of Ben & Jerry’s fame.