The Oracle of Omaha has given the eponymous piece of legislation two thumbs up. Read more »
Buffett Rule
“As one of the people who will be directly affected by the proposed new rules, let me say that I wholeheartedly endorse them,” says George Soros of carried interest and Obama’s proposed Buffett rule, which would force those making more than $1 million to pay at least as much federal income and payroll taxes as those who make less. [AR]
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Oracle Of Omaha Was Saving ‘Buffett Rule’ To Describe Phenomenon Wherein Hot Young Things Are Attracted To Sagely Grandfather Types But Sure, You Guys Can Have This One
By Bess Levin
Warren Buffett says he’s absolutely “fine” with President Obama calling the new plan to establish a minimum tax rate for individuals making more than $1 million a year the “Buffett Rule.” Reached Sunday in Omaha, Nebraska, the outspoken billionaire said the administration “asked me if they could use my name (on it) and I said, ‘Sure. It’s what I believe.’” [FBN]