Wednesday, June 19, 2013
Congressman Young Announces Bill to Allow Millionaires to Help Retire Public Debt
Proposed legislation would allow rich donors to earn titles by donating
In a press release today, Congressman Don Young announced the introduction of the DebtPatriots.Gov Act of 2011, “[i]n light of efforts by a select group of millionaires and political leaders to raise tax rates on certain Americans.”
The legislation calls for three award levels for donors, who would donate via a new website, DebtPatriots.gov. “My intent with this bill is to simply remind folks like Warren Buffett and any other so called ‘patriotic millionaire’ that they can already contribute as much money as they would like to help retire the Federal debt,” Rep. Young says in the release.
An attached document outlines the award levels for contributions. For a mere $50 billion from a corporation, it can be named a “Corporate Founder.” One billion dollars from an individual earns you the title “Premium Founding Father/Mother.” A bit skint right now? For $100 you can be a “Minuteman/Woman,” or for ten bucks, you’re a “Patriot.”
Watch CBS 11 News this evening for more details on Rep. Young’s plans.