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Republicans Call Out Buffett For Views On Wealthy Taxpayers

Kim Geiger
McClacthy / News Report
Published: Wednesday 17 August 2011
"My friends and I have been coddled long enough by a billionaire-friendly Congress," Buffett wrote. "It's time for our government to get serious about shared sacrifice."
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Republicans blasted back at Warren Buffett after the billionaire investor argued in a newspaper opinion piece that the mega-rich in the U.S. are "coddled" by the tax code.

The country's wealthiest citizens pay considerably less taxes, as a percentage of income, than the poor and middle class, Buffett said in an article published Monday in The New York Times.

"My friends and I have been coddled long enough by a billionaire-friendly Congress," Buffett wrote. "It's time for our government to get serious about shared sacrifice."

Republicans responded with a series of tweets questioning Buffett's sincerity.

"For tax raising advocates like Warren Buffett, I am sure Treasury would take a voluntary payment for deficit reduction," Sen. John Cornyn, R-Texas, wrote in a tweet.

"If Warren Buffet (sic) wants to pay more taxes and send more of his money to Washington, why doesn't he just do it?" tweeted Brad Dayspring, a spokesman for House Majority Leader Rep. Eric Cantor, R-Va., who has led the push against tax increases to help reduce budget deficits.

This is not the first time that Buffett, a friend and donor to Obama, has used his personal tax bill - and those of his employees - to make the case that super-wealthy Americans are under-taxed. In 2007, Buffett raised the issue at a fundraiser for then-Sen. Hillary Rodham Clinton, arguing that secretaries pay higher tax rates than their millionaire bosses and offering to pay $1 million to anyone who could prove him wrong.

This time, Buffett's words come as a bipartisan committee of 12 members of Congress sets out to trim the federal budget gap by $1.5 trillion over 10 years, with the growing national debt becoming a central issue as the 2012 presidential race heats up.

In a Monday interview with PBS' Charlie Rose, Buffett said the op-ed was aimed at that group known as the "super committee."

"If I could pick 12 readers for it, they're the ones," Buffett said.

Buffett rejected the claim that raising taxes to cut U.S. deficits will kill jobs, arguing that the country had higher taxes between 1980 and 2000 and "nearly 40 million jobs were added."

"You know what's happened since then: lower tax rates and far lower job creation."

On Tuesday President Barack Obama took Buffett's op-ed on the campaign trail, citing it in town halls as he traveled through Minnesota and Iowa. As Obama was touting the Buffett piece, conservatives set out to debunk it.

"Apart for (sic) misstating his tax burden, Buffett fails to call for significant reforms in Social Security and Medicare that could reduce federal spending, and he downplays the role of taxation plays in investment decisions," wrote Mike Brownfield, the assistant director of strategic communications at the Heritage Foundation, a conservative think tank in Washington.

"A billionaire calling for more taxes might make great political theater, but there's more to the story than Buffett - and Obama - would have you believe."



I FIND IT INTERESTING THAT

I FIND IT INTERESTING THAT NOT ONE SINGLE REPUBLICAN OF THE 14 CHALLENGED THE ACCURACY OF WHAT WARREN BUFFETT SAID. Because he has told the truth and it is hard to argue with the truth so you attack the messenger or person who is sending the message not the message and what it says.

I have written to every Republican, Tea-Party member and Conservative in the Congress of the United States of America and very clearly provided the proof that the Tax Rates on the very Rich and Powerful Individuals, Corporations, Companies and for Profit Organizations were at 88% and 90% during the two very best and coninuing Growth Periods in the History of the United States of America.

Warren Buffet's essay is

Warren Buffet's essay is actually very patriotic, in the sense of capturing the true spirit of the American Revolution. Compare Buffet's words to the following quote from two of the most influential writers of the revolutionary era, John Trenchard and Thomas Gordon, who, under the penname “Cato,” wrote a series of 144 essays in the early 1720s that were a key source of inspiration for the American revolutionaries:
“As liberty can never subsist without equality, nor equality be long preserved without an agrarian law, or something like it; so when men's riches are become immeasurably or surprisingly great, a people, who regard their own security, ought to make a strict enquiry how they come by them, and oblige them to take down their own size, for fear of terrifying the community, or mastering it. In every country, and under every government, particular men may be too rich... But some will say, is it a crime to be rich? Yes, certainly, at the public expense, or to the danger of the public.” (Cato’s Letter #35, “Of Publick Spirit,” July 1, 1721)
Samuel Adams quoted this and many other passages from Cato in his newspaper, The Independent Advertiser, and such concern for the common good is pervasive in the revolutionary literature of the day. But you'd never know that from listening to the "Tea Partiers." The Koch brothers, founders and funders of the T.E.A. Party, previously founded and still fund the Cato Institute, a “think tank” whose very name, in twisted combination with its actual function, serves to obscure the good names and actual ideals of Trenchard and Gordon. While the Cato Institute suggests that the Cato writers were supporters of laissez faire, Reaganesque, trickle-down economics, they can only do so by conveniently ignoring many egalitarian passages from Cato’s Letters such as the one quoted above. For those interested in reading and deciding for yourself what the actual tenor of their discourse was, all 144 of Cato’s Letters, along with the works of many other inspirational Enlightenment writers are posted on the internet at http://classicliberal.tripod.com/cato/ and also available elsewhere.
Unfortunately, very few of us were taught much about egalitarian Enlightenment era thought in the American school systems. Hopefully, it is not too late to save ourselves, our nation, and the world from the natural results of centuries of convenient omission of truths that could help to put an end to the economic and political exploitation of the many for the benefit of the few.

(accidentally posted twice,

(accidentally posted twice, could edit but not completely remove the second post. First time posting on this site.)

It is rare to see someone in

It is rare to see someone in Buffets position so bluntly speak the truth. Good for him.

Yup!

Yup!

Brownfield said "A

Brownfield said "A billionaire calling for more taxes might make great political theater, but there's more to the story than Buffett - and Obama - would have you believe."

Ok, Brownfield, what is it? Why does your quote end there? Maybe because there isn't anymore???

There's probably an ancient

There's probably an ancient reason that assassin has two ass's in it. Especially when it come s to the assassination of the truth, reality and common sense which seems to the escalating cancervative agenda. But more correctly spelled in their regard it would be as such: Assheadins or Headinassins. Just what the hell is their point? Are they being filthy lying pricks(headinassinators) just because they can?

Maybe he should run for

Maybe he should run for President? Or Bernie Sanders? Someone who maybe we can depend on to stand up for those persons with navels?

LOL Of course the GOP goes

LOL Of course the GOP goes on the attack. How dare anyone speak the truth and put a monkey wrench in their propaganda. Noise is all they're good at! They aren't used to being slapped on the hands especially by a member of the class they so furiously support. And this to Sen. Corn-yn, Rep. Canter's mouth piece, Dayspring... while you're calling out Buffet to go ahead and pay more taxes if he wants to... Think about this, you wingers yell, kick and scream about government programs, all the while you're first in line for stimulous money, farm subsidies, Fannie Mae help, accepting medicaid at your personal place of business (Bachman). I notice none of you have turned down your wonderful government health care for you and your family. So to slap Buffet around for speaking the turth, look in your own backyards you bunch of hypocrite's.

Buffett is the most

Buffett is the most successful investor ever, but taxation isn't (clearly isn't) his expertise.

As a businessman, Buffett knows about debt and overspending revenue, but he's choosing not to speak out about that.

America doesn't have a revenue problem, we have a spending problem that not even the GOP will address. This year we will OVERSPEND revenue by 100%. Spending = 3.8 trillion; revenue 1.5 to 1.6 trillion.

Miss JackiePR, even you as a Liberal twit should be able to see the problem.

But, you won't.

Buffett is the most

Buffett is the most successful investor ever, but taxation isn't (clearly isn't) his expertise.

As a businessman, Buffett knows about debt and overspending revenue, but he's choosing not to speak out about that.

America doesn't have a revenue problem, we have a spending problem that not even the GOP will address. This year we will OVERSPEND revenue by 100%. Spending = 3.8 trillion; revenue 1.5 to 1.6 trillion.

Miss JackiePR, even you as a Liberal twit should be able to see the problem.

But, you won't.

No, Mike Brownfield and the

No, Mike Brownfield and the Heritage Foundation is perfectly happy to put the burden of taxation on the shoulders of the now dying middle class. Let us pick up the cost of government's business. Let's face it, who goes to war and dies or is mutilated while jumping at the whim of the ruling class? Middle class and poor. It was the same in the sixties (Viet Nam) as it is now (except today the wealthy don't have to buy their way out of Selective Service call ups). Who pays the most percentage-wise in taxes? The middle class. Who is hurt most during these periods of economic decline? The middle class and the poor. So, it makes perfect sense to make them hurt during their senior years as well? After all, they're used to it, and most of them are either more than happy to make the sacrafice or too ignorant to see what's being done to them.Mike shove your analysis and reasoning where the sun doesn't shine buddy. We all know who's pulling your strings.

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