“Warren Buffett backs ‘Buffett Rule’ in letter”

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“Warren Buffett backs ‘Buffett Rule’ in letter”
from Obama 2012 Blog
Warren Buffett wrote to Senator Sheldon Whitehouse in support of the “Buffett Rule” bill, which requires millionaires to pay a fairer tax rate:

“I’m delighted to be identified as a supporter” of the bill, Buffett said in a letter to Whitehouse, according to a release from the Congressman’s office.

“I have no problem endorsing any large step in the direction of greater fairness in the tax code,” Buffett continued.

The idea, which is typically referred to as the Buffett Rule, was put forth by President Barack Obama in the State of the Union address last month when he called for legislation that would require individuals making more than $1 million a year to pay at least a 30 percent tax rate to put them on par with the percentage paid by most middle-class taxpayers.

For more on Warren Buffett’s official endorsement of the bill that carries his name, read the rest of the Roll Call article.

http://www.barackobama.com/news/did-you ... -in-letter