Looks like this old fart is beginning to dodder ! He's backpedaling and rightfully so !
I would think that if they taxes his capital gains AS INCOME (15% vs 37%), he'd squawk. What a disingenuous old liberal puke.
Ouch doesn't even begin to describe his dodging the issue and talking in circles. No offense to burnie as I happen to agree with him.
The linked article shows Buffet unwilling to criticize or disagree with any part of the President's proposal.
Buffet claims "I haven't looked at all the details" of the President's jobs program proposal. Obama has been talking about most of this proposal for well over a year and if passed into law, it would have a huge potential affect on several of Buffet's investments, not to mention that Buffet has apparently had 1 on 1 discussions with Obama on this subject. That simply doesn't make any sense at all.
Buffet talks in circles with the reporter in the below Q&A from the article.
Quote:
CNBC: "And are you a supporter of his jobs program right now?"
Buffet: "I am supporter of the action he is trying to get the Congress to join him in taking to really do something, rather than sit there and go in different directions."
IMHO, Buffet has even less credibility after this circuitous and tortuous interview.
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He is addicted to government bailouts. Look who he dropped his money into and look who is getting bailed out.
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Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
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Buffett states that he was speaking of the ultra rich. He even said someone making $50 million was not ultra rich. Obama has the rich at $250 000 a year.
Got to keep in mind that this is the man who speaks out of both sides of his mouth. He compares his tax rate to his secretary, which he compared capital gains tax to income tax. All while he is still fighting about his 2004 taxes, which he has yet to pay.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
These fascists cannot even agree on what "RICH" means....and they want the term "MILLIONAIRE" to be a relative term, not one depicting the actual meaning.
The biggest lie is the attempt to equate both taxes. The capital gains tax is and pretty much always was lower than the top ordinary income tax rate for a logical, valid reason.
If one simply explains that reason, the ridiculous argument that, "His secretary pays a higher tax rate than he does," is vaporized and dismissed.
Of course, as always, no one ever has a problem deceiving the average American when it comes to why and how our tax system is structured and designed to function.
Hannity made a reference to the current taxation system and said, "They already have everything they want." (Referring to the Occupy Wall Street mob's mantra of "They should pay more than the average person.") He is right. They are both wrong and ill-informed.
This issue is, as others have said, a gigantic diversion and an attempt to divide our country. This is not over by a long shot and I'm glad it is not. As a nation, it is time to finally decide who should and will prosper from the fruits of one's own labor.
The "give me yours" loons point to the wealth one can create in this country and say, "How much is enough?"
I point to the almost countless taxes we have devised for all Americans and say, "How much is enough?"
The biggest lie is the attempt to equate both taxes. The capital gains tax is and pretty much always was lower than the top ordinary income tax rate for a logical, valid reason.
If one simply explains that reason, the ridiculous argument that, "His secretary pays a higher tax rate than he does," is vaporized and dismissed.
Of course, as always, no one ever has a problem deceiving the average American when it comes to why and how our tax system is structured and designed to function.
Hannity made a reference to the current taxation system and said, "They already have everything they want." (Referring to the Occupy Wall Street mob's mantra of "They should pay more than the average person.") He is right. They are both wrong and ill-informed.
This issue is, as others have said, a gigantic diversion and an attempt to divide our country. This is not over by a long shot and I'm glad it is not. As a nation, it is time to finally decide who should and will prosper from the fruits of one's own labor.
The "give me yours" loons point to the wealth one can create in this country and say, "How much is enough?"
I point to the almost countless taxes we have devised for all Americans and say, "How much is enough?"
i am not a tax maven. I just pay the bills around 'the casa'...and I can say without equivocation that I know of nothing that's not taxed, either directly or indirectly. I do not know why CapGains are taxed at a lower rate, unless it's to encourage investment in business. That being said, schmucks like Buffett are free to write a check to the United States Treasury if his conscience is bothering him....but he does not. If he was taxed the same rate on his CapGains as he's taxed on INCOME, he's be shuttin' his yap, I would think. Maybe that's what's needed to appease rich saps like Buffett ?
Ouch. Buffett doesn't like the Buffett rule.
