Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $74,144
87%  
Woo hoo!! And we're now over 87%!! Less than $11k to go!! Let's git 'er done!! Thank you all very much!!

Keyword: warrenbuffet

Brevity: Headers | « Text »
  • "Tax Me More" Warren Buffett To Finance Burger King's Tax Inversion Deal

    08/26/2014 9:29:56 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 08/27/2014 | Tyler Durden
    President Obama would have proudly proclaimed Warren Buffett a true patriot in his bailing out of the banking system with expensive loans and his 'realization' that those earning more than $1 million should be tax-tax-taxed. However, the "Buffett Rule" appears to have one caveat... if you are making over a $1 billion, you're good to go with tax-avoidance strategies. In one of his career's most hypocritical moves Warren "tax-me-more" Buffett has decided that putting his money where his mouth is no longer makes sense.. and is funding $3billion of Burger King's "tax-inversion" takeover of Canada-based Tim Hortons. Somewhere on...
  • Ohio senator: Boycott Burger King

    08/25/2014 11:47:34 AM PDT · by jazusamo · 101 replies
    The Hill ^ | August 25, 2014 | Peter Schroeder
    Sen. Sherrod Brown (D-Ohio) is urging consumers to boycott Burger King over reports that the fast food chain is eyeing a tax-cutting move to Canada. Brown, an outspoken corporate critic, said people hankering for a burger should head to Wendy’s or White Castle, two Ohio-based chains that aren’t looking to shrink their tax bill via a so-called “corporate inversion.” “Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” he said in a statement. “Burger King has always said ‘Have it Your Way’; well my way is to support...
  • Common Core Equates George Washington to Palestinian Terrorists

    07/13/2014 3:30:59 PM PDT · by 2ndDivisionVet · 25 replies
    Last Resistance ^ | July 12, 2014 | Dave Jolly
    How many times do I have to write about the problems discovered in Common Core teaching? This time it deals with Pearson Education, one of the leading companies that helps develop and train Common Core teaching. According to their website: “As the leading education services company, Pearson is serious about evolving how the world learns. We apply our deep education experience and research, invest in innovative technologies, and promote collaboration throughout the education ecosystem. Real change is our commitment and its results are delivered through connecting capabilities to create actionable, scalable solutions that improve access, affordability, and achievement.” [Emphasis mine]...
  • Sen. Sessions: Pro-Amnesty Billionaires Have No Clue What Congress Owes 318 Million Who Employ Them

    07/11/2014 7:01:24 PM PDT · by Tailgunner Joe · 18 replies
    cnsnews.com ^ | July 11, 2014 | Craig Bannister
    Sen. Jeff Sessions (R-Ala.) responded today to a New York Times Op-Ed promoting amnesty by billionaires Sheldon Adelson, Warren Buffett and Bill Gates. Sessions said the billionaires' opinion piece shows they're clueless about the obligations of Congress to the American people: "It is clear that three of the richest billionaires in the world have no clue what Congress 'owe[s] to the 318 million who employ them'. "We owe them our loyalty, our compassion, our devotion. It is precisely because of our duty to the working people of this country that we must stop legislation that would import tens of millions...
  • Bill Gates wishes he wasn't so rich

    05/04/2006 10:40:32 AM PDT · by LouAvul · 101 replies · 2,459+ views
    cnn ^ | 5-4-6
    REDMOND, Wash. (Reuters) - Microsoft Corp. Chairman Bill Gates said Wednesday he wished he were not the world's richest man. "I wish I wasn't. There is nothing good that comes out of that," said Gates, whose personal fortune sank by billions since last week when the software giant disappointed investors by saying new investments would crimp earnings. The corporate leader who made Microsoft into the world's largest software maker - and who is also one of the biggest philanthropists - is seen as a man who does not like publicity. He explained that he did not like the attention of...
  • Warren Buffett’s liberal display of tax-increase hypocrisy

    04/03/2014 6:57:49 AM PDT · by SeekAndFind · 3 replies
    Washington Times ^ | 04/03/2014 | J.T. Young
    While liberalism’s terminus is failure, its first stop is hypocrisy. Higher-tax advocate Warren Buffett recently illustrated this with his reported use of a tax strategy to avoid — you guessed it — higher taxes. There is nothing new in the tax strategy or in Mr. Buffett’s use of it; it’s just an ample example of liberal hypocrisy. As reported in Bloomberg BNA’s Daily Tax Report on March 20, Mr. Buffett’s Berkshire Hathaway Inc. “plans to limit taxes on more than $1 billion of gains in Graham Holdings Co. stock by swapping the shares for assets owned by the former Washington...
  • Harry Reid Now Spreading Baseless Claim that Koch Brothers Don't Pay Corporate Taxes

    04/02/2014 11:19:26 AM PDT · by don-o · 59 replies
    The Weekly Standard ^ | April 2, 2014 | JOHN MCCORMACK
    Senate majority leader Harry Reid has a whole page on his official Senate.gov website devoted to revealing "THE FACTS ABOUT THE KOCH BROTHERS." One of the alleged facts promoted on Reid's website is that the Kochs do not pay any corporate taxes: “They are known for bankrolling conservative, Libertarian and Tea Party causes and became poster boys for corporate tax reform last year when an Obama Administration official suggested Koch is organized as an S Corp. and so pays no corporate level taxes.” The claim that the Koch brothers don't pay corporate income taxes was first made by former White...
  • Bombshell In WaPo/Keystone Scandal: Did the Post Coordinate With Congressional Democrats?

    03/26/2014 9:56:44 PM PDT · by 2ndDivisionVet · 25 replies
    Power Line ^ | March 26, 2014 | John Hinderaker
    A major development occurred today in the scandal surrounding the Washington Post’s attempt to advance Democratic Party talking points by falsely linking Koch Industries to the Keystone Pipeline. In the unlikely event that you are not already familiar with the story, you should begin by reading this post and this one, as well as the one from last October where I dismantled the International Forum on Globalization report that was the basis for the Washington Post’s story of March 20. The facts, very briefly, are these: Koch Industries has no interest in the Keystone Pipeline; it has not lobbied in...
  • More Warren Buffett Hypocrisy; Restructures Deal To Avoid $400 Million In Taxes

    03/18/2014 8:39:12 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 03/18/2014 | Mike Krieger
    Warren Buffett epitomizes everything that is wrong with the global economy, and the U.S. economy specifically. He is the consummate crony capitalist, a brilliant yet conniving oligarch who intentionally plays on the gullibility of the masses to portray himself as one thing, when in reality he is something else entirely.He publicly talks about how rich people need to pay more in taxes, then turns around and pioneers new ways for his company Berkshire Hathaway to avoid hundreds of millions in taxes. He thinks that by going on television stuffing ice cream cones and hamburgers in his mouth and acting all grandfatherly...
  • Harry Reid Helps Warren Buffett Acquire Big Energy Firm

    07/31/2013 9:09:28 AM PDT · by Nachum · 6 replies
    Weekly Standard ^ | 7/31/13 | MICHAEL WARREN
    Even if you're Warren Buffett--billionaire investor, founder of Berkshire Hathaway, and Democratic donor--it helps to have friends in high places. Through his holding company MidAmerican Energy, Buffett is currently atttempting to purchase NV Energy, a Nevada-based energy firm, and he's getting some big help from that state's senior U.S. senator, Majority Leader Harry Reid. Energy and Environmental Daily reports (subscriber content only) that Reid, who has been publicly supporting Buffett's acquisition of NV Energy and has criticized Nevada state regulators holding up the purchase, wrote a letter to the Federal Energy Regulatory Commission requesting the agency give "close consideration" to...
  • Warren Buffet's Berkshire Hathaway posts record profit in 2013

    03/01/2014 5:51:18 AM PST · by SeekAndFind · 11 replies
    Reuters ^ | 03/01/2014
    Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday. Profit for the full year rose to $19.5 billion from $14.8 billion in 2012. Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.
  • In a first, Buffett gets beat by the S&P 500 over five years. (But wins over six.)

    03/01/2014 5:49:21 AM PST · by Red in Blue PA · 6 replies
    FORTUNE -- In a practice he began when running a hedge fund 50 years ago, Warren Buffett has always positioned his company, Berkshire Hathaway (BRKA), as being in annual competition with the S&P 500 index's total return—and right now that's not working too well for him. Announcing Berkshire's 2013 results this morning, Buffett said in his annual letter to shareholders that book value per-share—Buffett's standard yardstick in this competition—rose by 18.2% to $134,973. That's a very solid performance. But the S&P 500 index, having its best year since 1997, had a huge total return of 32.4%.
  • Environmentalists Do Billionaires' Bidding in Fight Against Keystone Pipeline

    02/05/2014 8:38:02 AM PST · by SeekAndFind · 7 replies
    Townhall ^ | 02/05/2014 | Rachel Marsden
    PARIS -- An environmentalist lies down alongside his fellow organic cucumber aficionados to block the construction of an oil pipeline and wakes up a member of a proxy army serving the billionaires who are fighting against America's economic and national security interests to line their own pockets. How did that happen? This phenomenon is on display in the battle against the Keystone XL pipeline project, the cornerstone of Canada-U.S. energy independence, set to run from Alberta, Canada, into Nebraska, then ultimately to the Gulf Coast of Texas where it can be exported. None of this pleases environmental activists, whose actions...
  • China: Gold Price Decline Premeditated; US Has Started a Currency War

    01/15/2014 7:33:03 PM PST · by Publius · 91 replies
    China Money Report ^ | 15 January 2014
    China National Gold Group Corporation General Manager Sun Zhaoxue has come out and told the world media that the US is suppressing the gold price. The reason for America’s manipulation of gold is to ensure US Dollar dominance on the world stage. America has by default ended up with the world’s reserve currency and therefore gets the world to work for them in exchange for an ever increasing supply of printed greenbacks. He also went on with an excellent analysis of America’s war against Europe and the Euro using their investment banks. Another good insight from Sun Zhaoxue is that...
  • Hoeven: Obama will approve Keystone

    01/12/2014 12:16:11 PM PST · by jazusamo · 37 replies
    The Hill ^ | January 12, 2014 | Laura Barron-Lopez
    Sen. John Hoeven (R-N.D.) said he thinks President Obama will approve the proposed Keystone XL pipeline. In the wake of multiple crude-by-rail train accidents in North Dakota -- leaving railcars ablaze and nearby residents at risk --Hoeven said on "Platts Energy Week" that the U.S. needs more pipelines. The U.S. needs pipelines "not only to improve conditions in terms of rail, but trucks," Hoeven said on Sunday. "With the Keystone pipeline, we'd take 500 trucks a day off our roads in western North Dakota." "So clearly pipelines are a part of the solution. But also we have to do everything...
  • China's BYD pledges to sell cars in America

    01/09/2014 4:22:31 PM PST · by nascarnation · 41 replies
    Autoblog ^ | 1/9/14 | Noah Joseph
    Chinese automakers have been making noise about entering the North American market for years, stretching back a decade or more. A combination of factors – from the disjointed nature of the Chinese auto industry to lingering quality issues – have kept that from happening, but the day when Chinese cars roam the Great American Road may finally be upon us. Following aborted efforts by such automakers as Geely and Great Wall, it's BYD that appears to be leading the charge this time. The company backed by investor Warren Buffett's Berkshire Hathaway conglomerate is now targeting 2015 – just a year...
  • Train Derailment West of Casselton [ North Dakota ]

    12/30/2013 1:43:04 PM PST · by george76 · 18 replies
    KVLY ^ | Dec 30, 2013 | Ben Holbert
    BREAKING NEWS: A train is derailed west of Casselton, North Dakota. It happened at 35th Street and 154th Avenue Southeast just before 2:20 p.m. Monday. Several area emergency teams are on scene and are setting up an incident command center. A viewer who is about a half mile from the derailment tells Valley News Live she can see large flames. Several train cars are on fire and huge plumes of black smoke can be seen for miles. Emergency crews are urging people to stay inside and a code red alert has been sent out to residents in a two mile...
  • Obama's pal Warren Buffett enriched again by govt; taxpayers lose

    11/26/2013 5:59:22 AM PST · by SeekAndFind · 6 replies
    American Thinker ^ | 11/26/2013 | Ed Lasky
    Suddenly, the government has dramatically raised the profit potential of a company, Da Vita, that Obama donor Warren Buffett has a huge investment in. DaVita runs dialysis centers across America. From the Wall Street Journal: The Centers for Medicare and Medicaid Services said it would reduce payments to kidney dialysis providers by less than 1% over the next two years in a reversal of the much-larger cuts it had proposed this summer.The decision handed at least a temporary victory to dialysis providers such as DaVita HealthCare Partners Inc.Medicare pays for the majority of patients with life-threatening kidney failure, also known...
  • COMMENTARY: An Obama-Buffett Connection Could Keep Crude Rolling by Rail

    06/19/2013 2:03:44 PM PDT · by thackney · 11 replies
    The Washington Times via Rig Zone ^ | June 19, 2013 | William C. Triplett II
    ... In short, Mr. Obama is about to hammer the American energy industry, and he's doing it for money. The real elephant in the room is the Keystone XL pipeline project intended to bring Canadian oil to American Gulf Coast refineries and the resulting products onto the international market. In fact, the title of the Bloomberg article cited above includes the words "Keystone foes." Mr. Obama has already delayed Keystone, once and a final decision is coming up. While Keystone has received a lot of press attention, there are two interrelated aspects that have not yet come to the surface....
  • Sierra Club Decides to Break Law to Stop Keystone Pipeline

    01/24/2013 7:03:15 PM PST · by george76 · 34 replies
    Breitbart ^ | 24 Jan 2013 | Brandon Darby
    The Sierra Club has announced its approval for a "one-time" use of civil disobedience. The civil disobedience is intended to step up their efforts to oppose the Keystone pipeline. Many of the other groups opposing Keystone have been engaging in civil disobedience as a tactic, including arson-based ecoterrorism. This will be the first time in the Sierra Club's history that they have approved violating the law.
  • Trains carrying more oil across US amid boom

    12/29/2012 8:51:23 AM PST · by george76 · 44 replies
    ap ^ | Dec 28, 2012 | MATTHEW BROWN and JOSH FUNK
    Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse - the locomotive - to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can't keep up with demand. ... The environmental fears carry an ironic twist: Oil trains are gaining popularity in part because of a shortage of pipeline capacity - a problem that has been worsened by environmental opposition to such projects as TransCanada's stalled Keystone XL pipeline. That project would carry Bakken and Canadian crude to the Gulf of Mexico. Wayde Schafer,...
  • Berkshire Hathaway sells 2 short-line railroads

    12/27/2012 12:22:30 PM PST · by Western Phil · 11 replies
    Warren Buffett's company has sold two short-line railroads it recently discovered it owned to satisfy regulators who might have reviewed Berkshire Hathaway's 2010 acquisition of the Burlington Northern Santa Fe railroad. Berkshire told the Transportation Department's Surface Transportation Board earlier this month that it had completed the sale of both short-line railroads ahead of schedule. If Berkshire had reported owning those railroads when it bought BNSF, the Surface Transportation Board would have had to scrutinize the deal. Berkshire first disclosed owning the railroads to the Surface Transportation Board in September. (snip)
  • Watch What Warren Buffett Does, Not What He Says

    11/27/2012 11:39:29 AM PST · by STARWISE · 9 replies
    Weekly Standard ^ | 11/26/12 | Adam J. White
    Warren Buffett is by now no stranger to the national debate over federal tax policy. In 2009, he penned a New York Times op-ed calling for "truly major changes in both taxes and outlays." Two years later, he returned to the Times with a widely publicized call for large tax increases on the "super-rich," noting that his own effective federal tax rate (17 percent) was far less than his employees' rates (ranging from 33 to 41 percent). President Obama liked the idea so much, he called for Congress to pass "the Buffett Rule" in his 2012 state of the union...
  • Warren Buffet Proposes Minimum Tax on the Wealthy ( He owes back taxes for the last 9 years! )

    11/26/2012 4:11:03 PM PST · by NoLibZone · 17 replies
    http://www.foxbusiness.com ^ | Nov 26 2012 | fox news
    Warren Buffett, in a New York Times Op-Ed piece Monday, is proposing a minimum tax on high incomes and a higher ceiling of $500,000 on increased taxes on wealthy Americans. "I support President Obama's proposal to eliminate the Bush tax cuts for high-income taxpayers. However, I prefer a cutoff point somewhat above $250,000 - maybe $500,000 or so," the Berkshire Hathaway head wrote. "Additionally, we need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million and $10 million, and 35 percent on amounts above that."
  • Warren Buffett Is No 'Card-Carrying Democrat' (Says he also supported Republicans)

    06/06/2012 10:55:24 AM PDT · by SeekAndFind · 9 replies
    Yahoo News ^ | 06/06/2012 | Amy Bingham
    Billionaire Warren Buffett may be the poster child for President Obama's tax plan, but the investment tycoon insists he is not a "card-carrying Democrat." "I support certain Republicans," Buffet told members of Washington, D.C.'s Economic Club Tuesday night. "Actually this year I gave money to a Republican congressman." While Buffett didn't name the recipient of his rare cross-party donation, Federal Election Commission data shows that Virginia Rep. Scott Rigell was the lucky beneficiary. Buffett gave Rigell the maximum legal campaign donation of $2,500, although that's substantially less than the $70,000 he has given to help re-elect President Obama over the...
  • Buffett says high tax/spend policies good, but buys non-US companies because of them

    05/06/2012 11:03:56 AM PDT · by chuck_the_tv_out · 6 replies
    Talking Points ^ | May 6 | Talking Points
    Warren Buffett, who is infamous for supporting high inheritance taxes, then buying high value family-owned companies when the children of the founders can't afford to pay the inheritance tax, is well known for supporting high tax/high spend policies. But the hypocrisy of those statements are clearly seen in Buffett's statements yesterday that those very policies are causing him to shun US companies, and buy foreign companies instead. "We are happy to invest in businesses that earn their money in euros in France or Italy or sterling in the UK, because I don't have a feeling that those currencies are likely...
  • The 'Buffett Rule' Should Be Known As The 'Buffett Ruse'

    05/02/2012 6:34:51 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 05/02/2012 | REP. CHUCK FLEISCHMANN
    President Obama insists his so-called "Buffett Rule" — which cannot even pass the Democrat-controlled Senate — is a serious proposal, not just an election-year gimmick. Let's consider the facts. If enacted, the IRS would take 30% of every dollar earned by a targeted subset of the population — in this case, people earning more than $1 million per year. We're told this is necessary because highly successful Americans just aren't pulling their weight or paying their fair share. This line of reasoning begs the question: Is it fair for the IRS to take 30% of anyone's paycheck? Keep in mind...
  • Warren Buffett tells investors he has cancer

    04/17/2012 2:52:03 PM PDT · by rightwingintelligentsia · 33 replies
    MSNBC.com ^ | April 17, 2012 | Allison Linn
    Warren Buffett, the billionaire investor known as much for his folksy wisdom as his investing prowess, announced Tuesday that he has been diagnosed with cancer. In a letter to shareholders, Buffett, 81, said that he had been diagnosed with stage I prostate cancer. “The good news is that I've been told by my doctors that my condition is not remotely life-threatening or even debilitating in any meaningful way,” Buffett said in the letter. Buffett said that he will begin a two-month treatment of daily radiation in mid-July. He said his travel will be restricted during that time but it will...
  • Was Keystone Blocked to Benefit Buffet?

    03/22/2012 6:29:05 AM PDT · by Lacey · 9 replies
    American Thinker ^ | March 22, 2012 | Russ Vaughn
    While our anti-petroleum president is visiting oil and pipeline country in a Potemkin photo op attempt to imply that he is what he clearly is not, here's something to ponder. Are you one of those who've wondered why billionaire, Warren Buffet, is so cozy with the Obama Administration? In an article published a couple of weeks ago by Bloomberg News, which gained little traction, author, Natalie Doss, noted that Buffet had made another one of his "pretty good bets" back in 2009 when Berkshire-Hathaway bought the Burlington Northern-Santa Fe Railroad. Doss reports: Fort Worth-based BNSF Railway's track network puts it...
  • Warren Buffett Seeks Dividend Tax Hikes—Whose Money Is It?

    03/22/2012 6:13:36 AM PDT · by SeekAndFind · 4 replies · 1+ views
    IBD ^ | 03/22/2012
    Ever since Warren Buffett observed that his tax rate is unfairly low, President Obama keeps finding ways to get mileage out of his friend's lament. One of the president's recent proposals is to dramatically increase the tax rate on corporate dividends for upper-income shareholders. It may seem that Buffett has no dog in this fight, since the company he runs, Berkshire Hathaway, pays no dividends anyway. But that's not the whole story. Before 2003, when dividends were taxed at much higher rates, companies like Berkshire had a handy rationale for holding on to their shareholders' money indefinitely, claiming this was...
  • The Buffett Rule would bring in less than $3 billion a year in revenue

    03/20/2012 2:56:40 PM PDT · by SeekAndFind · 5 replies · 2+ views
    Hotair ^ | 03/20/2012 | Ed Morrissey
    Barack Obama has spent the last seven months demanding a surtax for the wealthy as a needed revenue resource to balance the federal budget and restore "fairness" to the tax system. In making that case, Obama has often used the anecdote provided to him by multibillionaire Warren Buffett and how his secretary pays a lower tax rate than he does --- although Obama rarely explains that the difference comes from lower tax rates on risk-related income rather than salary, which rewards and encourages further risk-taking and boosts the economy. Now the Joint Committee on Taxation has scored Obama's Buffett Rule,...
  • Buffett's Private Jet Company Countersued By US Gov Over Taxes [ He rejects even the Bush Rates ]

    03/09/2012 1:50:28 PM PST · by NoLibZone · 10 replies
    business insider ^ | March 9 2012 | Linette Lopez
    One of Warren Buffett's Berkshire Hathaway holdings, NetJets (a private aircraft company), is being countersued by the U.S. government for at least $302 million in taxes and penalties, Bloomberg reports. This story is bound to attract some attention, since Warren Buffett has been so outspoken about every American paying their fair share of taxes. And it's a really hot headline to be sure — but there's a little more to the story. Notice, the U.S. government is counter suing. Back in November, Bloomberg also reported that NetJets was suing the U.S. government for excise taxes and penalties levied against the...
  • Berkshire Hathaway’s $5 Billion Investment in Goldman Sachs in 2008 Has Resulted in a 50% Return

    02/02/2012 7:48:31 AM PST · by SeekAndFind · 5 replies
    Business Insider ^ | 02/02/2012 | Dr. David Kass, Robert H. Smith School of Business, University of Maryland
    On September 24, 2008, Berkshire Hathaway (BRK.A), (BRK.B) and Goldman Sachs (GS) entered into an agreement in which Berkshire Hathaway purchased $5 billion of Goldman’s preferred shares paying a 10% dividend. Berkshire also received warrants granting it the right to buy $5 billion of Goldman Sachs common stock at $115 per share (or 43.5 million shares) through October 1, 2013. Goldman Sachs called the preferred stock for redemption on April 18, 2011 at a premium of 10% over par value, plus accrued and unpaid dividends. As a result, Berkshire Hathaway earned approximately $1.75 billion ($1.25 billion in dividends plus a...
  • Saint Warren’s dark side (The ugliness of the billionaire that the media overlooks)

    02/01/2012 9:50:59 AM PST · by SeekAndFind · 6 replies
    New York Post ^ | 02/01/2012 | Charles Gasparino
    Imagine a Republican president regularly invoking the wisdom of a multibillionaire businessman who had profited off companies with questionable business practices, and who law-enforcement officials had recently asked to provide information about his own company’s questionable practices. No question about it: Democrats and the media would be having a field day. So why do we hear so little about the dark side of Warren Buffett? True, the double standard involving Buffett’s business record is longstanding. But now Obama is using him as a central prop in his class-warfare strategy for winning a second term. Yes, Buffett is a great investor;...
  • Legislating by anecdote (Foolish to base tax policy on a story about Warren Buffett’s secretary)

    01/30/2012 10:53:01 AM PST · by SeekAndFind · 10 replies
    The Daily ^ | 01/302012 | james Pethoukoukis
    Time to pay up, rich people. “If you make more than $1 million a year,” President Obama said during his State of the Union address the other night, “you should not pay less than 30 percent in taxes.” And why should that be the case, exactly? Is it because the secretary of billionaire investor Warren Buffett — who attended the speech — apparently pays a higher tax rate than her boss, a relatively rare situation that strikes the president as unfair? Well, it’s a reason, and perhaps a politically persuasive one when the issue of income inequality has re-entered the...
  • Warren Buffett: Criticism is 'ridiculous' (His point is -- tax code treats his secretary unfairly)

    01/27/2012 11:24:04 AM PST · by SeekAndFind · 23 replies
    Omaha World Herald ^ | 01/27/2012 | Steve Jordon
    Warren Buffett's secretary, after being pointed out on national television during Tuesday's State of the Union speech, now is facing criticism over her salary and second home. Debbie Bosanek and her boss both declined Thursday to disclose how much she's paid, saying it's private. In an interview with The World-Herald, Buffett also said none of the online guesses about Bosanek's salary is right, and the critics are missing his point. "I'm saying she is being treated unfairly in the tax code, as are tens of millions of others, compared to me," Buffett said. "They shouldn't change the rates on all...
  • Warren Buffett's Secretary Likely Makes Between $200,000 And $500,000/Year

    01/25/2012 2:15:12 PM PST · by grundle · 26 replies
    Forbes ^ | 1/25/2012 | Paul Roderick Gregory
    Warren Buffet’s secretary, Debbie Bosanek, served as a stage prop for President Obama’s State of the Union speech. She was the President’s chief display of the alleged unfairness of our tax system – a little person paying a higher tax rate than her billionaire boss. Bosanek’s prominent role in Obama’s “fairness” campaign piqued my curiosity, and I imagine the curiosity of others. How much does her boss pay this downtrodden woman? So far, no one has volunteered this information. The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an...
  • Keystone XL, Obama and Buffett (Follow the money, this is why Warren supports Barack)

    01/25/2012 8:17:14 AM PST · by SeekAndFind · 2 replies
    American Thinker ^ | 01/25/2012 | Henry Percy
    When President Obama rejected the Keystone XL oil pipeline in order "for the President to determine whether the Keystone XL pipeline is in the national interest," the losers were blue-collar workers who would have built it -- as well as any American who fills up at the gas pump.But there was a winner, a big winner: Warren Buffett. Yes, that would be Mr. Make-Me-Pay-More-Taxes-Before-I-Earn-Again.You see, North Dakota is producing a lot of oil -- by next year it will be second only to Texas -- which must be moved to refineries, mostly on the Gulf Coast, and the pipelines...
  • Proposed Warren Buffet law

    01/25/2012 4:14:41 AM PST · by Jess Kitting · 11 replies
    None | Jan. 25, 2012 | Just me
    I would like to propose a new "Warren Buffet" law. The law will be simple, easy to enforce, and above all, "fair." Here is my proposed piece of legislation: The WARREN BUFFET Rule The U.S.tax code should be amended to read Is your name Warren Buffet? Do you live in Omaha, Nebraska? Are you CEO of Berkshire Hathaway? If your is answer "yes" to all three questions, your tax rate on ANY and ALL income, henceforth and forever, shall be 100%. Effective immediately.
  • Buffett secretary to attend State of the Union (Buffett's secretary should show us her tax returns)

    01/24/2012 3:23:21 PM PST · by tobyhill · 5 replies
    cbs ^ | 1/24/2012 | ap
    The secretary for one of the world's wealthiest men and the wife of late Apple cofounder Steve Jobs are among those invited by the White House to attend the State of the Union address. The State of the Union guest list has become an annual rite, with the first lady's box taking on the sort of gravitas shown at the Academy Awards' Red Carpet ceremony. The guests often have ties to a proposal or initiative the president will outline in the address. Among this year's guests are Debbie Bosanek, the longtime secretary for billionaire Warren Buffett. Obama frequently cites Buffett's...
  • Buffett would profit from Keystone cancellation

    01/24/2012 4:20:34 PM PST · by SJackson · 5 replies
    The Washington Times ^ | 1-24-12 | Dave Boyer
    Warren Buffett, whom President Obama likes to cite as a fair-minded billionaire while arguing for higher taxes on the wealthy, stands to benefit from the president’s decision to reject the Keystone XL oil pipeline permit. Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if the pipeline isn’t built. “Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Neb.-based Berkshire Hathaway Inc., told Bloomberg News. If Keystone XL “doesn’t happen, we’re here to...
  • More ND oil will be railed with no US pipeline (Warren Buffet owns BNSF Railroad)

    01/23/2012 9:20:35 PM PST · by STARWISE · 23 replies
    AP/Yahoo ^ | 1-20-12 | James MacPherson
    Rail shipments of North Dakota crude to increase with decision to block Keystone XL pipeline ### North Dakota oil drillers increasingly will rely on trains to move barrels of crude to market after the Obama administration's decision to reject plans for a pipeline that would run from Canada to refineries on the Gulf of Mexico, state and industry officials say. "Pipelines are by far the safest and most economically efficient way to transport oil, but we are left with a limited number of options if pipelines are off the table," said Tony Clark, chairman of the North Dakota Public Service...
  • Billionaire Buffett's Bakken Boom (Obama's crony benifits richly the nixing of Keystone pipeline)

    01/18/2012 2:20:00 PM PST · by Bigtigermike · 15 replies
    Investors Business Daily ^ | Wednesday January 17, 2012
    Energy Policy: Killing the Keystone XL pipeline may help one of the world's richest men get richer. North Dakota's booming oil fields will now grow more dependent on a railroad the president's economic guru just bought. [....] Interestingly, another billionaire, Obama economic inspiration Warren Buffett, stands to benefit from the Keystone XL pipeline delay. As oil production ramps up in the Bakken fields of North Dakota, plans to use the pipeline to transport it have been dashed. As a result, North Dakota's booming oil producers will have to rely even more on the Burlington Northern Santa Fe (BNSF) railroad, which...
  • Congressman Takes Buffett Up On His Offer, Buffett Will Write The Treasury A $49,000 Check

    01/18/2012 2:10:36 PM PST · by SeekAndFind · 7 replies
    Business Insider ^ | 01/18/2012 | Ben Walsh
    Warren Buffett has written his first check to the U.S. Treasury since announcing his pledge to match Republican donations to pay down the national debt a week ago. Carol Loomis, Fortune's senior editor-at-large and long-time friend of Buffett's, reports that the Omaha investor received a letter from Congressman Scott Rigell of Virginia (pictured below). In it, Rigell details the $49,000 he had donated to Treasury in total in 2011 and 2012 and asks Buffett to match both (full letter is below). Buffett agreed (full letter below). Lest we raise your hopes that the national debt is over as an issue,...
  • Saint Buffet's Chutzpah

    01/12/2012 10:40:07 PM PST · by Sick of Lefties · 7 replies
    Noman Says ^ | 1/11/12 | Noman
    'I'll donate a dollar to pay down the deficit for every dollar that Congressional Republicans donate' taunts Warren Buffet in a Reuters article (n.b. indirect quote). He must have finished President Obama's copy of "Rules for Radicals" and decided to get on the fun side--the media's side--of the Statist v. Liberty conflict. Annoying your enemy, especially to the delight of community organizers, is a winning tactic according to the realistic revolutionary's handbook. The irony of the quintessential "Have" speaking in the name of the "Have Nots" to persuade the "Have Some, Want Mores" to play in a game that gives...
  • Class Warfare and the Buffet Rule

    01/12/2012 7:24:37 PM PST · by Sick of Lefties · 1 replies
    Noman Says ^ | 1/11/12 | Noman
    Noman was delighted to find an Arthur Laffer opinion piece in this morning's paper. In it, he argues that a millionaire surtax would hurt everyone but the super rich like Warren Buffet. Noman imagines that Buffet knows this, which is why he felt safe being so bold as to champion the notion. [quote] Waving Mr. Buffett's op-ed for all to see, Mr. Obama wasted no time in proposing a surtax on millionaires called the "Buffett Rule." Putting aside all the oohing and ahhing over Mr. Buffett's selflessness, his effective tax rate on his true income would hardly budge if this...
  • Warren Buffett Ready to Take Republicans’ Tax Challenge

    01/12/2012 4:35:31 AM PST · by SeekAndFind · 33 replies
    TIME ^ | 01/12/2012 | RANA FOROOHAR
    Warren Buffett is ready to call Republicans’ tax bluff. Last fall, Senator Mitch McConnell said that if Buffett were feeling “guilty” about paying too little in taxes, he should “send in a check.” The jab was in response to Buffett’s August 2011 New York Times op-ed, which made hay of the fact that our tax system is so unbalanced, Buffett (worth about $45 billion) pays a lower tax rate than his secretary. Senator John Thune promptly introduced the “Buffett Rule Act,” an option on tax forms that would allow the rich to donate more in taxes to help pay down...
  • Why the left thinks Warren Buffett isn't about $$$

    12/07/2011 7:17:16 AM PST · by SeekAndFind · 1 replies
    American Thinker ^ | 12/07/2011 | James Lewis
    The Billionaires of the Left aren't interested in making money. The reason is that they're Good People, and Good People Don't Tell Lies. Warren Buffett is a Good Person who wants to pay more taxes. How do we know? 'Cause he says so, any time the media ask him. That's proof enough, isn't it? George Soros isn't interested in making more billions. Soros is a Good Convicted Insider Trader, who tried to knock off the currency of Malaysia and the UK, impoverishing millions of people. When asked about that, Gyorgyi says somebody had to do it. See? He's a Good...
  • Peter Schwiezer Book 'Throw Them All Out' exposes Warren Buffets participating in inside trading?

    11/13/2011 8:18:23 PM PST · by Bigtigermike · 13 replies
    Sunday November 13, 2011
    Listening to an interview of Peter Schwiezer talking to Steve Bannon (Director of Palin's Undefeated movie)...There's a whole chapter in Peter's new book exposing Warren Buffet. Supposedly he is involved in insider trading. This chapter of Schweizer's book shows how his company got the sweetheart deal to invest in Goldman Sachs in the midst of the 2008 financial crisis. One member of Congress even bought Berkshire stock the day before the deal was even announced....It was a racket!
  • Bill Gates Laughs At Buffett Rule: 'You Can't Raise Taxes We Need Just By Going After That 1%'

    10/31/2011 9:07:02 AM PDT · by SeekAndFind · 23 replies
    Newsbusters ^ | 10/31/2011 | By Noel Sheppard
    America's richest man isn't going to make President Obama, the folks in the Occupy Wall Street movement, or their respective supporters in the media happy. Appearing on ABC's This Week Sunday, Bill Gates laughed when asked about the Buffett Rule saying, "You can't raise the taxes we need just by going after that one percent...to really deal with the deficit gap we're talking about, that alone just numerically is not going to be enough" (video follows with transcript): CLICK ABOVE LINK FOR THE VIDEO CHRISTIANE AMANPOUR, HOST: The Buffett Rule, for instance, and all the other proposals the president is...