Patriotic Millionaires for Fiscal Strength Say Tax Us

The 40-plus signers of the petition launched a website and a campaign called "Patriotic Millionaires for Fiscal Strength" that they hope will draw support from other uber wealthy tax payers who agree that fiscal responsibility should begin with those who can best afford it.

The letter they sent to President Obama explains:

We are writing to urge you to stand firm against those who would put politics ahead of their country.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

We have done very well over the last several years. Now, during our nation's moment of need, we are eager to do our fair share. We don't need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.

This initiative was created and promoted by the Agenda Project in New York City and was coincidentally launched on the very same day that the Center for Responsive Politics released a study that revealed over half of the Members of Congress were millionaires - In the general population, fewer than 1% qualify as millionaires.