John Legend rejected tax cuts for the wealthy at a Motown tribute concert at the White House.

Speaking during a performance with Motown artists Steve Wonder and Smokey Robinson, along with Seal, Legend criticized last December’s deal to extend the Bush-era tax rates. “People fought to give me—a millionaire—a tax cut this year,” he said, according to the Associated Press. “I didn’t need it, and all the other millionaires didn’t need it either.”

The Grammy-winning performer described how he had benefited from government-subsidized community choirs and arts councils over the years, many of which are likely to end up on the budget chopping block. “I hope our politicians will not think that they are expendable, and they can just get rid of them, and nobody will feel the pain because I think society will feel the pain,” he said. “I’m really frustrated with some of the discourse that’s coming out of Washington.”

Some other prominent wealthy people, such as multibillionaire Warren Buffett, have also said they would support the expiration of the Bush-era tax cuts for upper-income taxpayers (see Buffett Favors Expiration of Bush Tax Cuts for Rich). Last November, a group of 45 millionaires signed a letter to President Obama urging him to allow the Bush tax cuts to expire for those earning over $1 million a year (see Millionaires Offer to Let Bush Tax Cuts Expire).

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access