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VOL. 127 | NO. 40 | Tuesday, February 28, 2012

Warren Buffett Reiterates Call for Tax Reforms

JOSH FUNK | AP Business Writer

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OMAHA, Neb. (AP) – Billionaire Warren Buffett continues to call for tax reforms and a higher tax rate for wealthy investors like himself.

The chairman and CEO of Berkshire Hathaway talked about the nation's tax policy during an appearance Monday on CNBC. He released his annual letter to shareholders over the weekend.

Buffett has said for years that he believes his tax rate is too low compared with what middle-income wage earners pay.

He says the current tax code is unfair and favors the ultra-rich too much. But he says neither Democrats nor Republicans want to talk about reforms now because it is an election year.

Buffett also says the nation's $1.2 trillion deficit won't be fixed by contributions from individuals. The country is simply spending too much and bringing in too little revenue.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 437 6,772
MORTGAGES 122 557 9,280
FORECLOSURE NOTICES 25 129 1,990
BUILDING PERMITS 236 716 15,738
BANKRUPTCIES 56 309 6,059
BUSINESS LICENSES 17 104 2,598
UTILITY CONNECTIONS 76 499 8,469
MARRIAGE LICENSES 31 138 1,997

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