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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 This material may not be published, broadcast, rewritten or redistributed.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 86 182 13,079
MORTGAGES 135 267 17,025
FORECLOSURE NOTICES 15 36 3,336
BUILDING PERMITS 366 366 30,930
BANKRUPTCIES 69 135 12,478
BUSINESS LICENSES 23 43 4,532
UTILITY CONNECTIONS 182 328 19,221
MARRIAGE LICENSES 32 67 3,976

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