Archive for January 13th, 2012

January 13, 2012

The Daily Scoop: Warren Buffett Ready to Take GOP Tax Challenge

Warren Buffett is ready to call Republicans’ tax bluff. Last fall, Senator Mitch  McConnell said that if Buffett was feeling “guilty” about paying too little in  taxes, he should “send in a check.” The jab was in response to Buffett’s August  2011 New York Times op-ed, which made hay of the fact that our tax  system is so unbalanced that Buffett (worth about $45 billion) pays a lower tax  rate than his secretary. Senator John Thune promptly introduced the “Buffett  Rule Act,” an option on tax forms that would allow the rich to donate more in  taxes to help pay down the national debt. It was, as Buffett told me for this  week’s TIME cover story, “A tax policy only a Republican could come up with.”
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