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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,”…

Bill Gates: ‘Taxes are going to have to go up’ on rich people

Gates has joined fellow billionaire Warren Buffett in the belief that America’s rich need to be paying more taxes. In an interview with the BBC Wednesday morning, the founder of Microsoft expressed his desire to see “a sense of shared sacrifice” from his fellow high earners. “Well, the United States…

Buffett ups challenge to GOP, pledging 15 percent of income to deficit

Speaking to a reporter with Bloomberg TV on Monday, billionaire investor Warren Buffett upped his challenge to congressional Republicans and even managed to work in a slap at presidential candidate Mitt Romney, saying that he would donate 15 percent of his annual income if just 10 percent of the Congress…

Warren Buffett serenades China with ukulele performance

Billionaire investor Warren Buffett isn’t the first person you’d think of when ukulele performances become the topic of conversation. Nevertheless, the 81-year-old appeared during a Chinese New Year broadcast aired Sunday, playing his ukulele and singing “I’ve Been Working on the Railroad.” The video was apparently recorded over a year…

GOP congressman takes up Buffett tax dare

WASHINGTON — Warren Buffett will have to contribute $49,000 from his multi-billion dollar fortune after a Republican congressman took up his dollar-for-dollar challenge for donations to help cut the US deficit. Virginia Congressman Scott Rigell was the first to take up the challenge of one of the world’s richest men,…

Buffett offers to match Republican donations to pay down deficit

WASHINGTON — U.S. tycoon Warren Buffett has challenged Republicans in Congress to make personal contributions to cut the US deficit, vowing to match their donations dollar-for-dollar. Answering Republican calls for the mega-billionaire to donate money to the US Treasury if he wants to help with deficit reduction, Buffett told Time…

Moore: GOP thinks I’m ‘this mythical, scary creature’

Liberal filmmaker Michael Moore once again appeared on CNN’s Piers Morgan Tonight on Tuesday, finding amusement in conservatives’ hysteria over him. “I think Republicans and right-wingers, they blow me up into this mythical, scary character,” he said. “He’s got all of this money, he’s controlling all of this. Him and…

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