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What Is the Buffett Rule?

We all know who Warren Buffett is (he's only the third richest man in the world) and we all know about his constant push for heavier taxes on the wealthy. The Buffett Rule, proposed by the Obama Administration last year, is a tax law that is meant to raise taxes for millionaires. For those who need a quick and simple primer, here's a rundown of the issue. Why call it the Buffett Rule? Last August, billionaire Warren Buffett wrote an op-ed in the New York Times, which called for action to "stop coddling the super-rich" and start taxing them more.
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Obama: Warren Buffett Is Right On Taxes

Politics : Business Insider: Politix (3 years ago)

President Barack Obama just endorsed Warren Buffett's op-ed in the New York Times today calling on higher taxes on the wealthy. “He said we’ve got to stop coddling billionaires like me,” Obama said at a town hall event in Cannon Fal... Read Post

Warren Buffett Renews Call For Minimum Tax On The Ultra-Wealthy

US Politics / Liberal : Think Progress (2 years ago)

Warren Buffett, the famous investor who proposed the minimum tax on the wealthy that led to President Obama’s proposed “Buffett Rule,” renewed his call for such a tax in a Monday editorial in the New York Times. Buffett supports the... Read Post

Obama Poses With Four Millionaire Obama Donors To Promote The Buffett Rule

Politics : Business Insider: Politix (3 years ago)

Today the White House is really putting on a show to support the Buffett rule, a potential added layer in the tax code that would set a minimum tax rate for those making $1 million a year. It's called the Buffett rule after Warren B... Read Post

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