Washington, DC, January 19, 2022 – Today, the United States officially hit its $31.4 trillion debt limit. The Treasury Department will now resort to using “extraordinary measures” over the next few months to prevent an economically catastrophic default. In response, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., released […]
Morris Pearl, Chair of the Patriotic Millionaires
Posted inOp-Ed
Morris Pearl, Patriotic Millionaires: Bipartisan Infrastructure Bill: Nowhere Near the Scope and Scale Necessary for the Moment
Washington, DC, August 10, 2021 – This morning, the US Senate voted to pass a bipartisan infrastructure bill with $550 billion in new funding after months of negotiations between Democrats and Republicans. In response, Morris Pearl, Chair of the Patriotic Millionaires and former managing director at BlackRock, Inc., issued the following statement: It’s great that a bipartisan group in […]
Posted inOp-Ed
Morris Pearl: CBO Analysis of Raise the Wage Act is Overwhelmingly Positive
Washington, DC, February 8, 2021 – This morning, the Congressional Budget Office released a report on the budgetary effects of the Raise the Wage Act, legislation that would raise the federal minimum wage to $15 an hour by 2025. In response,Morris Pearl, the Chair of the Patriotic Millionaires, former managing director of BlackRock, Inc., and author […]
Posted inOp-Ed
Morris Pearl: White House Proposal to Include a Capital Gains Tax Holiday in Next Round of Coronavirus Legislation is Blindingly Stupid
Washington, DC, July 14, 2020 – In an interview with Fox Business Monday afternoon, White House economic adviser Larry Kudlow commented on the prospects for a phase 4 coronavirus relief legislation, saying that the White House may push for the final package to include a capital gains tax holiday. In response to Kudlow’s remarks, Morris Pearl, […]
Posted inOp-Ed
Morris Pearl: Senate Coronavirus Bill Prioritizes $500 Billion Mnuchin-Trump Slush Fund Over American Lives
WASHINGTON, March 26, 2020 – Last night, the Senate voted unanimously to pass a $2 trillion economic stimulus package in response to the rapidly escalating COVID-19 crisis. This package includes a provision for a nearly $500 billion fund for stimulus distributions to corporations at the discretion of the Secretary of the Treasury, Mr. Steven Mnuchin […]
Posted inOp-Ed
Morris Pearl: The Coronavirus Relief Bill Won’t Cut It
March 19, 2020 – In the midst of an unprecedented crisis, Congress is failing the American people. While Mitch McConnell and Senate Republicans stalled and twiddled their thumbs in the face of a pandemic before finally passing the House’s relief bill, the bill itself did little to help the workers most in need of assistance. […]
Posted inOp-Ed
Morris Pearl: Fund the IRS, Make Rich People Pay Their Taxes
May 14, 2019 – You pay your taxes. Why shouldn’t the rich? We all know that wealthy individuals and corporations are able to save vast amounts of money by abusing loopholes in our tax code, but the truth is that some of them use the worst tax evasion tactic of them all – lying to […]