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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 This material may not be published, broadcast, rewritten or redistributed.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 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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