"This is really a conservative position about increasing the stability of the economy in the long term and having an efficient source of taxation," Simmons told the Associated Press in October.
Simmons, 44, serves as the cofounder and principal of impact investing firm Blue Haven Initiative alongside his wife and fellow signatory Liesel Pritzker Simmons, according to the firm's website. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, according to Forbes.
Pritzker Simmons, an heiress to the Pritzker family fortune, has a net worth of approximately $600 million, according to a 2013 Forbes article. Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative.
As a child, she starred in several big-name Hollywood productions, including "A Little Princess" and "Air Force One," alongside Harrison Ford. In 2002, Forbes reports, she sued her father and the Pritzker family and came away from it with a $500 million payout.