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Romney: Obama ‘intent on punishing people,’ not creating jobs
Presumptive Republican presidential nominee Mitt Romney on Thursday blasted President Barack Obama for being “more intent on punishing people” than creating jobs. Speaking at a closed factory in Lorain, Ohio, Romney told supporters that the empty building was proof that the president’s economic plan wasn’t working. “If you want to…
Warren Buffett has prostate cancer, but feels ‘great’
WASHINGTON — US tycoon Warren Buffett announced he has early-stage prostate cancer, and indicated he had no intention of stepping down as head of his investment firm Berkshire Hathaway. Buffett, a larger-than-life financier known as the “Oracle of Omaha” for his investment savvy, said: “I feel great.” With his big…
Chamber of Commerce: ‘Buffett Rule’ an attempt to instigate ‘class warfare’ debate
The U.S. Chamber of Commerce on Monday urged senators in Washington, D.C. to vote against the Paying a Fair Share Act of 2012, claiming it would hurt economic growth. “With more than eight million Americans unemployed, Congress should reject attempts to instigate a debate on class warfare and focus on…
RNC chair: ‘I don’t think’ GOP wrong on Buffett Rule
Although a majority of Americans support a rule that would tax millionaires as much the middle class, the chairman of the Republican National Committee (RNC) said on Sunday that his party was not wrong for opposing the policy. In an interview on CNN, host Candy Crowley pointed to a recent…
Obama urges Congress to pass ‘Buffett Rule’
US President Barack Obama on Saturday urged Congress to pass the so-called “Buffett Rule,” which calls for increasing the tax rate on Americans making more than $1 million a year. “Most Americans support this idea,” Obama said in his weekly radio and Internet address. “One survey found that two-thirds of…
Obama urges Congress to pass ‘Buffett rule’
President Barack Obama on Saturday called on Congress to pass the “Buffett rule” tax, which would require those earning more than $1 million per year to pay at least a 30 percent effective tax rate on their income. The Paying a Fair Share Act would establish the so-called “Buffett rule,”…
Buffett: High corporate taxes are a ‘myth’
Billionaire investor Warren Buffett says that it’s a “myth” that high taxes are “strangling” U.S. corporations. In a Monday op-ed for The Wall Street Journal, Republican presidential candidate Rick Santorum called for the corporate tax rate to be halved from 35 percent to 17.5 percent to “[r]estore America’s competitiveness.” CNBC’s…
Gov. Christie: Warren Buffett should just ‘shut up’
New Jersey Gov. Chris Christie (R) said Tuesday that he was tired of hearing about billionaire investor Warren Buffett, who has lamented the fact that he paid a lower tax rate than his secretary. “He should just write a check and shut up,” Christie said during an appearance on CNN.…
Chris Rock: I’d gladly pay more in taxes
Comedian Chris Rock told The Associated Press this week that he would gladly pay more in taxes if it meant more Americans have jobs. Speaking to reporters at this year’s Sundance Film Festival, Rock commented that he was “gonna lose the money,” suggesting that he would rather see his tax…
Sen. Whitehouse proposes ‘Buffett rule’ bill to tax millionaires
Sen. Sheldon Whitehouse (D-RI) introduced a bill to the Senate on Wednesday that would require those earning more than $1 million per year to pay at least a 30 percent effective tax rate on their income. The bill, The Paying a Fair Share Act, would establish the so-called “Buffett rule,”…
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