Groups call to end Bush tax cuts for the wealthy

Responsible Wealth, a non-profit organization comprised primarily of millionaires, on Tuesday called to end tax cuts benefiting the wealthy that were enacted under President George W. Bush. 

The group predicted the task would not be easy since many lawmakers will seek to extend the measures in an effort to score political points in the run up to November's election.

The Bush tax cuts are slated to expire at the end of the year. 

Several lawmakers have already questioned the wisdom of allowing them to expire while the economy struggles to recover from a historically rough recession. 

"This is going to be a fight," said Jeffrey Hollender, a self-made millionaire who spoke at today's event. "[But] there are a significant number of wealthy people that in fact support rolling back these tax cuts [for the wealthy]."

In related news, Wealth for the Common Good released a study today showing that over the past 50 years tax breaks have favored the most affluent. 

The report comes on the heels of a Quinnipiac University poll that found 60 percent of Americans in both political parties support raising income taxes on households earning more than $250,000. 

House Ways and Means Chairman Sandy Levin (D-Mich.) is expected to begin discussions on extending at least part of the Bush tax cuts after lawmakers return from the Easter recess.