“We know we need to reform our tax code” – Patriotic Millionaire Geoff Coventry
This is what a patriotic millionaire sounds like
Click here for Patriotic Millionaires Chair Morris Pearl’s discussion on carried interest.
Washington, DC – Less than a week after claiming not paying federal income tax “made him smart” in the presidential debate, Donald Trump’s tax records from 1995 revealed that the GOP candidate may not have paid federal income tax for 18 years. The Patriotic Millionaires have aggressively campaigned to fix our broken tax system for the last five years. Trump’s latest tax news serves as a reminder of why this campaign is crucial: right now the wealthy are in a position to legally take advantage of the system in order to avoid taxes.
“Americans are rightly growing more dissatisfied with how our economy and political process is unduly influenced by billionaires who brag openly about funding politicians to do their bidding while paying little or nothing in taxes. We know we need to reform our tax code, but to make the right changes, we need a new paradigm. Until we stop thinking as if we’re still fixed to a gold standard we won’t free ourselves to use our modern currency and design our federal tax system to achieve the greatest good” says Patriotic Millionaire Geoff Coventry, founder and current COO of Tradewind Energy, Inc.,
For decades, the industries such as the real estate industry have poured funds into the coffers of politicians through lobbyists and other wealthy special interests – insuring tax breaks and loopholes. It is long past time that these loopholes be closed.
“Average Americans are losing trust in our system when they see a billionaire business mogul using our tax system to only further increase his wealth, and bragging about it during the debate. Now, Trump is seeking the highest power office in the nation, with the intention to continue amassing even more wealth. Trump’s legal exploits demonstrate the critical need to reform our tax code and stop money’s toxic influence over politicians and legislation. Right now millions of Americans are frustrated because they believe the scales are intentionally tipped towards the already wealthy, and stories like this only confirm this belief” says Chair of the Patriotic Millionaires Morris Pearl, a former managing director at BlackRock.
Patriotic Millionaires Geoff Coventry and Morris Pearl are available to comment or interview on this topic. To coordinate, please contact Kelsea-Marie Pym: kpym@patrioticmillionaires.org, 202-446-0489.
Morris Pearl currently serves as Chair of the Patriotic Millionaires. Previously, Pearl was a managing director at BlackRock, one of the largest investment firms in the world. His work included the Maiden Lane transactions and assessing the government’s potential losses from bank bailouts in the United States and in Europe. Prior to BlackRock, Pearl had a long tenure on Wall Street where he invented some of the securitization technology connecting America’s capital markets to consumers in need of credit. He is a CFA Charter Holder, a member of the CFA Institute, the New York Society of Securities Analysts, and on the board of Verified Voting and The Center for Political Accountability. Pearl lives in New York City with his wife Barbara where he enjoys spending time with his two adult sons and riding his bicycle around the city.
Geoff Coventry is a founding member, owner, and COO of Tradewind Energy, Inc. Together with his two business partners, Coventry has overseen the growth of Tradewind from a startup to one of the nation’s largest independent developers of wind and solar energy projects. Prior to Tradewind, Mr. Coventry was a co-founder and vice president of NetSales, Inc., one of the first companies to provide outsources electronic commerce services to businesses. The core business was sold to Digital River, Inc. in 2001. As a proponent of sustainable prosperity, an advocate for a national Job Guarantee, and a serious student of modern money theory (MMT), Geoff enjoys writing about how nations should use their currency-issuing power to address major social, economic, and ecological challenges. Mr. Coventry holds a degree in business administration from Baker University in Kansas and is a native of New Zealand.
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