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Millionaires group endorses Dem House candidates opposed to GOP tax law

Millionaires group endorses Dem House candidates opposed to GOP tax law

A group of wealthy individuals who support higher taxes on the rich is announcing candidate endorsements for the first time, less than two months before the November midterm elections.

The Patriotic Millionaires tell The Hill they are announcing endorsements of 25 Democratic House candidates that they are dubbing “Tax Champions.” The group said it chose candidates who are opposed to the tax-cut law congressional Republicans passed last year and support policies that will help the middle class.

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The group is one of a number of left-leaning organizations that have been pushing back against the GOP tax law, arguing that it largely benefits corporations and wealthy individuals.

The Patriotic Millionaires are also concerned about House Republicans’ proposal for another round of tax cuts, which is expected to get a floor vote later this month.

“The Patriotic Millionaires intimately understand how our current Congress has so flagrantly rigged the system in favor of the rich and powerful,” Morris Pearl, chairman of the group and former managing director of BlackRock, said in a statement. “On the heels of yet another proposal by the GOP to cut taxes on the rich, we are taking a stand against the reckless governing of Trump and the Republican Party.”

Many of candidates backed by the group are Democrats in competitive races for House seats currently held by Republicans. They include Andy Kim, who is challenging Rep. Tom MacArthurThomas (Tom) Charles MacArthurOvernight Health Care — Presented by Purdue Pharma — Trump officials move to require drug prices in TV ads | 4,000 more people lose Medicaid in Arkansas | New top official for Medicaid Dems announce third-quarter fundraising bonanza Midterms put GOP centrists in peril MORE (R-N.J.); Jennifer Wexton, who is challenging Rep. Barbara ComstockBarbara Jean ComstockElizabeth Warren’s DNA test sounds more like ‘identity theft’ The Memo: Trump chats up media ahead of midterms Comey donates maximum amount to Democratic challenger in Virginia House race MORE (R-Va.); and Sean Casten, who is challenging Rep. Peter Roskam Peter James RoskamDems target small cluster of states in battle for House Kavanaugh becomes new flashpoint in midterms defined by anger Election Countdown: Big fundraising numbers in fight for Senate | Haley resigns in surprise move | Says she will back Trump in 2020 | Sanders hitting midterm trail | Collins becomes top Dem target | Takeaways from Indiana Senate debate MORE (R-Ill.).

“Across the country, in districts both urban and rural, the Tax Champions offer a bold vision of reform for our future that addresses the needs of working families and the most economically vulnerable,” Pearl said. “We admire their political courage to take on millionaires, corporations and the elected officials who represent moneyed interests.”

To promote their candidates, members of the Patriotic Millionaires are planning to hold in-person events, tele-town halls and write op-ed pieces. The group said it is also planning a “digital week of action” in October.

The Patriotic Millionaires are also encouraging their members to donate to the endorsed candidates, but it is not setting up a political action committee.