» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 40 | Tuesday, February 28, 2012

Warren Buffett Reiterates Call for Tax Reforms

JOSH FUNK | AP Business Writer

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 138 5,300
MORTGAGES 96 179 7,349
FORECLOSURE NOTICES 0 5 1,619
BUILDING PERMITS 0 308 12,375
BANKRUPTCIES 71 112 4,946
BUSINESS LICENSES 25 46 2,171
UTILITY CONNECTIONS 74 161 6,785
MARRIAGE LICENSES 20 51 1,541

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.