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. It would probably apply to 50,000 people in a population of 300 million.”
via Warren Buffett Does Not Endorse “Buffett Rule” | RealClearPolitics.
One of the more sickening aspects of the ongoing budget debate has been the griping of millionaires and billionaires that they’re not paying enough taxes. As if they can’t fork over more because Treasury won’t take their check.
One in particular, Warren Buffett, says he pays taxes at a lower rate than his secretary. This has become a cherished anecdote for President Obama, which the president uses to make his pitch for soaking the rich some more.
And it has led to the egregious and misnamed “Buffet Rule,” which is actually the “Buffet tax.”
Under the Buffett tax, people making $1 million or more a year would have to pay taxes at the same rate or more as those in the middle class.
Now, as you might expect, this would put a significant dent in our federal deficit.
If by “dent” you mean ERASABLE PAINT SCRATCH.
via Warren and Barack’s Gift to America | The Blog on Obama: White House Dossier.
A new study by the Kaiser Family Foundation underlines that many of the promises surrounding President Obama’s health care legislation remain unfulfilled, though the White House argues that change is coming.
Workers at the Flora Venture flower shop in Newmarket, NH, remember when presidential candidate named Sen. Barack Obama, D-Ill., promised that their health care costs would go down if they elected him and his health care plan was enacted.
On May 3, 2008, the president told voters that he had “a health care plan that would save the average family$2,500 on their premiums.”
Last year workers at the flower shop saw their insurance premiums shoot up 41 percent.
via New Study Underlines Unfulfilled Promises of Health Care Bill – ABC News.
I’m a Jersey boy. I was born there, went to high school and college there, and assumed I’d spend the rest of my life there. But though I loved the people and food, the Jersey Shore summers, and short rides through the Lincoln Tunnel to Broadway shows and Madison Square Garden, I gave it all up and moved south. Very far south. I’m not alone.
According to the latest Census figures, and stories in USA Today, the Associated Press, and elsewhere, the South was the fastest growing region in America over the last decade, up 14 percent. “The center of population has moved south in the most extreme way we’ve even seen in history,” Robert Groves, director of the Census Bureau, said a few months ago.
via Southern Like Me – Lee Habeeb – National Review Online.
A majority of Americans think Republicans are more able to protect the country from terrorist threats and increase U.S. prosperity, according to a new poll released Friday.
According to the new Gallup poll, 49 percent of Americans say the Republican Party is better equipped to protect the U.S. from global military and terrorist threats while 38 percent say Democrats are better able. Since roughly 2008, most Americans have been saying that the Republican Party was more likely to do a better job protecting Americans from terrorist and international military threats.
Similarly, on maintaining economic prosperity, 48 percent choose the Republican party while 39 percent choose the Democratic party. On both military threats and prosperity, 13 percent of those surveyed said they did not have an opinion or see any difference. By contrast, in 2008, 50 percent of those surveyed by Gallup said the Democratic party was more likely to keep the country prosperous in the coming years and 39 percent said the Republicans were more likely.
via Poll: Majority thinks GOP likely to do a better job on fostering prosperity, anti-terrorism – The Hill’s Blog Briefing Room.