Wealthy Americans tell Congress not to cut taxes

More than 400 American millionaires and billionaires are sending a letter to Congress this week urging Republican lawmakers not to cut their taxes.

The wealthy Americans, which include doctors, lawyers, entrepreneurs and CEOS, say the GOP is making a mistake by reducing taxes on the richest families at a time when the the nation’s debt is high and inequality is back at the worst level since the 1920s.

The letter calls on Congress not to pass any tax bill that adds to the debt and that “further exacerbates inequality.” Instead of cutting taxes of the wealthy, the letter tells Congress to raises taxes on rich people like them.

The letter was put together by Responsible Wealth, a group that advocates for progressive causes.