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Bloomberg: Buffett’s tax the rich comments ‘theatrics’
Michael Bloomberg won’t be endorsing Warren Buffett’s ‘tax the rich more’ proposal anytime soon. The New York City mayor appeared on Meet The Press Sunday morning, describing his fellow billionaire’s recent comments on taxes as ‘theatrics” and defending high income individuals once again. “I think it’s not fair to say…
Warren Buffett to headline Obama campaign event
(Reuters) – Billionaire investor Warren Buffett will help raise money for President Barack Obama’s re-election effort at a $35,800-a-ticket fundraiser next month in Chicago, an Obama campaign official said on Wednesday. Buffett will attend the October 27 event at a private home on Chicago’s North Shore that is expected to…
Obama to propose ‘Buffett tax’ on millionaires
WASHINGTON (Reuters) – President Barack Obama, in a populist gesture designed to appeal to voters, will propose a “Buffett Tax” on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday. Such a proposal, among suggestions to a congressional Super Committee expected…
Warren Buffett to invest $5 bn in Bank of America
NEW YORK — Billionaire Warren Buffett’s Berkshire Hathaway will buy $5 billion in preferred shares of beleaguered US banking giant Bank of America, the bank said on Thursday. “Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a…
Warren Buffet signals successor has been chosen
American billionaire Warren Buffett has indicated that a successor to head his Berkshire Hathaway firm has already been “agreed on” and could step in as soon as the investment guru retires or dies. “There’s several people, but there’s one person they’ve all agreed on,” Buffett, speaking of his holding company’s…
Warren Buffett calls for higher taxes on wealthy Americans
Warren Buffett wants to pay more taxes. In an op-ed in the New York Times Monday, the Oracle of Omaha calls on Congress to ask him and other “super-rich” Americans to contribute more to the federal government. Buffett called for the immediate increase in the tax rate for those making more…
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