Morris Pearl

Morris Pearl is chair of Patriotic Millionaires, which focuses on promoting public policy solutions that encourage political equality, guarantee a sustaining wage for working Americans, and ensure that wealthy individuals and corporations pay their fair share of taxes. He previously was a managing director at BlackRock, one of the world’s largest investment firms.

Recent Articles

Paygo Is a Mistake for House Democrats

This ill-considered rule change could put real obstacles in the path of progressive legislative goals.

Bill Clark/CQ Roll Call via AP Images Speaker of the House Nancy Pelosi holds her weekly on-camera press conference in the Capitol. A s the 116th Congress gets underway, the new Democratic majority appears ready to constrain itself before making any real progress in curbing Trump administration abuses. As part of the rules package governing how the House operates, the Democrats plan to reinstate “Paygo,” a rule that requires all new spending increases passed by the House to be offset by either other spending decreases or tax increases, leaving all legislation essentially budget neutral. This is a terrible idea, and every Democrat who cares about getting things done in the next two years should strongly oppose it. While Paygo might at first glance seem like a reasonable commitment to “fiscal responsibility,” it’s really just another obstacle, without any real economic justification, that’s going to stand in the way of progressive legislation. As Representative Ro Khanna of California,...