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October 30, 2007
Buffets Political Tax Demand
Posted by Tina Grazier
I should pay more tax, says US billionaire Warren Buffett
The Guardian (UK), by Andrew Clark
The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax. ** A leading Democrat, the Harlem congressman Charlie Rangel, published alternative plans this week that would impose a 4% surcharge on people earning more than $200,000 a year. ** Mr Buffett's remarks drew a robust response from the US Chamber of Commerce, which said the top 1% of US earners accounted for 39% of tax revenue - and the highest earning 25% of the population delivered 86% of the tax-take. ** The chamber's chief economist, Martin Regalia, said: "Mr Buffett has made an awful lot of money and if he wants to pay more taxes, I think that's fine. But I think he should get his facts straight." He added: "There's no question in my mind: if you were to impose [the Democrats'] tax increases, you would see the US go into a recession."
Mr. Buffet, here’s a BLUNT MESSAGE for you…make a contribution…no one is stopping you.
Posted by Post Scripts at October 30, 2007 10:39 PM