Higher Taxes For The Rich: Fair Or Warfare?

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A group of wealthy Americans that calls itself the Patriotic Millionaires for Fiscal Strength has sent a letter to President Obama and Congress asking them to raise their taxes and the taxes of the 370,000 other Americans who earn more than $1 million a year.

In a video the group released Tuesday, members say they "shouldn't be wallowing in ... riches while everybody else is suffering." They say the tax cuts President Bush signed into law 10 years ago were a mistake that needs to be fixed.

"My country — our country — means more than my money," members say in the video.