US millionaires

A group of four hundred millionaires Americans today was against the tax reform presented by the Administration of President Donald Trump, considering that it will increase the inequality in the country and that will affect basic services, and asked the Government to raise taxes.

Washington, November 13 (EFE) .- A group of four hundred millionaires in the United States today was against the tax reform presented by the Administration of President Donald Trump, consider that inequality will increase in the country and that it will affect basic services, and asked the Government to raise taxes.

"We ask you to oppose any legislation that exacerbates inequality even more, "the members of the Responsible Wealth association stated in a letter addressed to members of Congress that this Monday on the website of the organization and that they plan to send this week.

The association, to which hundreds of people from the highest classes of society belong American, as doctors, lawyers and executives of large companies, believes that the bill would lead to "deep cuts" in various "fundamental services", such as the education or public health.

Given the reticence of the Democratic Party, the proposal presented by the Republican Party does not contemplate reducing the current rate of 39.6% paid by the Republicans. higher income, but it includes measures that favor the higher classes, such as the suppression of inheritance tax.

Likewise, the project, which was presented last 2 of November in the House of Representatives, includes a marked reduction in the tax rate to companies from the current 35% to 20%, and does not contemplate imposing a maximum limit on the Contribution to pension plans, which is exempt from taxes.

"Republican fiscal reform would benefit disproportionately rich individuals and companies with resources", criticizes the letter, which also denounces that, if the Bill is approved, the millionaires could "transfer massive legacies to their heirs" without paying taxes.

The association remembers to the Government that, at present, 42% of the country's wealth falls to just 1% of their homes.

"We believe that the key to creating more and better jobs, as well as an economy more strong, it does not happen to give a tax break to those who have a lot, but to invest in Americans, "the letter states.

It is for this reason that the millionaires who sign the letter, Among those who are the investor George Soros or the film producer Abigail Disney, ask the government that, far from applying this reform, raise taxes to "reinforce" to the middle class and ensure the success of the American economy. "

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