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Saturday, March 03, 2012

Buffett Blames Congress for Romney’s 15% Rate

From Bloomberg:

Warren Buffett, the billionaire calling for more taxes on the rich, said Mitt Romney’s U.S. rate of about 15 percent reflects poor laws rather than failings by the candidate for the Republican presidential nomination.
“It’s the wrong policy to have,” Buffett told Bloomberg Television’s Betty Liu in an interview today. “He’s not going to pay more than the law requires, and I don’t fault him for that in the least. But I do fault a law that allows him and me earning enormous sums to pay overall federal taxes at a rate that’s about half what the average person in my office pays.”
“He makes his money the same way I make my money,” said Buffett, 81. “He makes money by moving around big bucks, not by straining his back or going to work and cleaning toilets or whatever it may be. He makes it shoving around money.”
Source: http://bloom.bg/AvrfAQ
It's time for the Republicans in Congress to heed the wishes of "We the People" and support President Obama's efforts to change the tax law so that rich plutocrats like Mitt Romney will pay the same rate as ordinary American citizens.
Jagor

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