MOSCOW (Sputnik) – More than 400 US millionaires and billionaires including George Soros submitted a letter to the US Congress calling not cut taxes, taxes, as this move may sharpen the inequality.
"Tax reform should be, at a minimum, revenue neutral—without using gimmicks like dynamic scoring. We are deeply concerned that revenue loss would lead to deep cuts in critical services such as education, Medicare, and Medicaid, and would hamper our nation’s ability to restore investments in our people and communities," the letter said.
Authors of the letter even called on the Congress to raise the taxes for wealthy people to boost the country’s budget.
Republicans are planning to pass the bill to vote already this week. If it is adopted, this will be the first major change in the US tax code for more than 30 years.