Thursday, September 10, 2009

Buffett tells democrats to raise taxes on rich

At a lunchtime meeting today  Buffett told democrats that the rich need to pay more. 

"He said rich people are not paying enough taxes," said Sen. Claire McCaskill (D-Mo.). "It was interesting to see someone who is such an aggressive capitalist, who believes so much in our capitalist system, saying we've got the scales way too heavily toward people who are very, very wealthy."

Buffett told lawmakers that because of the cuts to the capital gains tax passed under former President George W. Bush, he pays taxes at a lower rate than some of his company's employees.