"Don't Cut Our Taxes," Say 400+ Very Wealthy Americans. "Raise Them."

As the Senate and House make final tweaks to their tax proposals, over 400 of the nation’s very rich individuals have penned a letter to the lawmakers with a demand that stands in stark contrast to the plans on the table: don’t cut our taxes—raise them.

The letter, organized by Responsible Wealth—a network that describes itself as “beneficiaries of economic policies tilted in their favor”—urges the members of Congress “to oppose any legislation that further exacerbates inequality,” and notes that the GOP proposal “would disproportionately benefit wealthy individuals and corporations with provisions including repealing the estate tax, repealing the Alternative Minimum Tax, and slashing the top pass-through tax rate.”

“It is neither wise nor just to give wealthy people more tax breaks at the expense of working families, and it would be especially egregious to fund tax cuts for the wealthy by cutting or dismantling programs that help people meet fundamental human needs like healthcare or nutrition assistance,” they write.

According to the Washington Post, most of the the signatories, which include Ben & Jerry’s Ice Cream founders Ben Cohen and Jerry Greenfield, billionaire hedge fund manager George Soros, and philanthropist Steven Rockefeller, “come from California, New York, and Massachusetts, states that went for Democrat Hillary Clinton in the last election.”