(Image source: Wikimedia Commons)

BY NOE GANDILLOT

ANCHOR CHRSITINA HARTMAN

They will not give up the fight! Nearly 140 millionaires took to Washington on Wednesday -- asking Congressmen to raise their taxes. CNN has details:

“These millionaires are on Capitol Hill demanding the super committee do something most Americans would not ask for. Tax them more. (Doug Edwards, Former Google Executive) : ‘We challenge the millionaire politicians who oppose paying high taxes to consider for a moment how much their country has done for them’.”

The group of wealthy argue that they benefited from the sound economy in the past, and it is now their duty to help their country get back on its feet.

But who are these millionaires? Here’s Al Jazeera:

“They call themselves the ‘Patriotic Millionaires’, a group formed a year ago when Congress was discussing tax cuts for the better-offs. There are around 200 of them, including the founder of Ben and Jerry’s ice cream empire Ben Cohen, actress Edie Falco, and former Google Engineer Frank Jerningan”

Some Democrats have argued for higher taxes on the rich.

But the Republican controlled house voted to extend the Bush Tax Cuts in a compromise last year -- arguing that tax increases on the wealthy would kill jobs. Here’s House Speaker John Boehner earlier this month...

“Over half of the people who would be taxed under those plan are in fact more business people. And as a result, you are going to basically increase taxes on the very people that we’re hoping are going to reinvest in our economy and create jobs.”

But the so-called “Patriotic Millionaires” disagree with Mr. Boehner’s reasoning. Former AOL executive and millionaire Charlie Fink spoke with CBS.

“Journalist : How do you respond to the criticism of those who say that raising taxes on the job-creators, the wealthy, kills job.

Charlie Fink :  That’s simply a lie. People who create jobs create jobs because of demand on their products and services, not because of taxes.”

A Super Committee is currently working on a plan to reduce government borrowing by at least $1.2 trillion over the next decade.  Its deadline is next Wednesday. Daily Finance says that “while significant”, taxing the wealthiest wouldn’t solve the United States’ deficit problem.

“According to Roberton Williams, a senior fellow at the nonpartisan Tax Policy Center, to do that will require increasing taxes on the middle class. "There aren't enough really rich people to generate the kind of money we need, (...) To cut the deficit in half, we would need to levy a 90% tax on everyone who makes more than $250,000 per year."

And Daily Finance adds that in a recent article, The New York Times noted that increasing middle class taxes by 8% "would actually have a bigger impact than taxing millionaires at 100 percent."