Tuesday, November 23, 2010

Warren Buffett Doesn't Pay Enough Taxes? Bush Tax Cut Debates

Warren Buffett doesn't pay enough in taxes? The billionaire has an interesting argument AGAINST the Bush Tax Cuts. He claims that the wealthy in America don't pay enough in taxes, and haven't ever had it so good, an shouldn't have had it so good.

The controversial arguments against the Bush Tax Cut extension is coming from one of the wealthiest in America. He agrees with the Obama administration and thinks that the tax cuts shouldn't be extended...at least not to the nation's wealthiest.

The comments were made during an interview on ABC's "This Week" and Buffett even went on to say that in the past 10 years, giving the wealthy more money has done very little to stimulate the economy and that he hopes that the Government is catching on. You can see the interview, HERE.

Warren Buffett will be getting the Presidential Medal of Freedom early next year, which is the highest civilian honor that can be awarded by the government.

The Bush Tax cut standoff continues in Congress. The GOP wants to keep the Bush era cuts extended - especially in trying economic times. The Democrats want the wealthy to pay more of their fair share.

Of course, they could eradicate the entire issue and go to a flat tax. But that's another argument for another post. All I know is that the oracle of Omaha has spoken, and he wants to pay more taxes...

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