Theodore's World: Warren Buffett Will NOT Endorse Obama’s Buffett Rule

« Gov. Rick Perry's Townhall Meeting At The Adams Memorial Opera House | Main | Exclusive: Rick Perry Says It’s President Obama Who’s Soft, Not the American People ~ A Must See Video Great Interview »

October 01, 2011

Warren Buffett Will NOT Endorse Obama’s Buffett Rule

Warren Buffett Will NOT Endorse Obama’s Buffett Rule

CNBC: “Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? ”

Warren Buffett: “Well, the precise program which will — I don’t know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won’t change. Make $50 million a year appearing on television, his income won’t change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay.”

CNBC: “Does that mean you disagree with the president’s new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000.”

Buffett: “That’s another program that I won’t be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people.

Wild Thing's comment.....

LOL and here Obama has named it after Buffett. hahahaha

I love it when Obama has a bad day, bad week etc. It is better for America too.

Posted by Wild Thing at October 1, 2011 05:50 AM