Dossier
Patriotic Millionaires
Coverage of Patriotic Millionaires in the Nexus archive.
- A multi-millionaire left NYC for 25 years. Now he's back and ready to pay more taxes.
Andrew Tobias, a New York City millionaire and member of the Patriotic Millionaires, supports higher taxes on the wealthy. Mayor Zohran Mamdani's recent tax policies, including a pied-à-terre tax, aim to fund city services but face opposition from some wealthy residents like Citadel's Ken Griffin.
- Dems eyeing 2028 want huge tax cuts — but big hikes for the rich
Democrats considering 2028 presidential runs propose significant tax cuts for middle-class Americans and increased taxes on the wealthy, sparking internal debate. The plans include eliminating federal income taxes for low- and middle-income earners while raising taxes on millionaires, with critics calling it politically motivated and fiscally irresponsible.