Monday, November 22, 2010

Warren Buffet: Wealthiest Should Pay "A Lot More In Taxes"

Warren Buffet, billionaire and CEO of Berkshire Hathaway, told Christiane Amanpour of ABC's "This Week" that the Bush tax cuts for the wealthiest should expire. He also repudiated the Republican "trickle down" theory. Among Buffet's comments from the interview, to air November 28:

“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end–people like myself –should be paying a lot more in taxes. We have it better than we’ve ever had it.”

“The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.”

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