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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
taxreformer -
"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
taxreformer -
Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
taxreformer -
The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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Warren Buffett and Berkshire Hathaway Investors Will Voluntarily Pay “Buffett Rule” Tax
Berkshire Hathaway Chairman and CEO Warren Buffett today announced he had written a donation check to the U.S. Treasury...
Berkshire Hathaway Chairman and CEO Warren Buffett today announced he had written a donation check to the U.S. Treasury in order to personally comply with “The Buffett Rule.” In addition, all investors in Berkshire Hathaway will have 30 percent of their capital gains and dividends withheld by the company and sent directly to Washington.
Championed by President Barack Obama and congressional Democrats, the Buffett Rule is a proposed 30 percent tax on all income over $1 million.
The Oracle of Omaha will personally unveil a three-foot by six-foot donation check at an afternoon press conference on the Treasury steps. According to a statement released in advance of the event, Buffett said, “As I wrote in the New York Times, ‘My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.’ Today, I, Warren Buffett, am personally getting serious about shared sacrifice.”
The White House praised Buffett’s action. “Let me be clear,” said President Obama. “This puts to rest any GOP-driven allegations that Warren Buffett was a hypocrite on the tax issue or was just engaging in a bit of moral preening.”
Because the federal tax code is already steeply progressive, the Buffett Rule, if enacted, would raise just $31 billion in tax revenue over the next decade, according to the Joint Tax Committee. To put that in context, that is less than one-tenth of one percent of federal spending over the next ten years.
Click here for a printable PDF and a photo from the press conference.
