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The other Buffett Rule?

11:30 AM, May 8, 2012 • By DANIEL HALPER

Warren Buffett expressed support for the Keystone Pipeline on Fox News last night. "I'm not an expert, but it certainly seems like it makes sense to me,” said Buffett. He added: "There are an awful lot of pipelines running in the United States and net, they've certainly been a huge plus for the country."

President Obama rejected the pipeline that would create an estimated 20,000 jobs. Buffett, however, was tepid in his criticism of the president. “I don’t think that issue is done with yet,” Buffett said.

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President Obama had been pushing the so-called "Buffett Rule," a tax hike on the rich. "President Obama and his congressional allies have made the Buffett rule a chief part of their political messaging this year, arguing that it’s a key part of any fair effort to balance the budget," the Washington Times reported. But House Republicans rejected the measure, "rguing it would stifle investment without doing any work to lower the deficit."

11:18 AM, Apr 13, 2012 • By DANIEL HALPER

President Obama has implied that he himself would pay more under the Buffett Rule--and that he supports it anyway. But according to tax returns released today by the White House, the Obamas wouldn't have to pay higher taxes under the Buffett Rule.

1:50 PM, Apr 11, 2012 • By GEOFFREY NORMAN

“Look, I want folks to get rich in this country,” Mr. Obama said. “I think it’s wonderful when people are successful. That’s part of the American dream.”—New York Times

But the president would, it seems, rather distract audiences by talking about the "Buffett Rule."

7:30 AM, Oct 3, 2011 • By MARK HEMINGWAY

New York Daily News: "700 arrested at Occupy Wall Street protest as demonstrators and NYPD shut down Brooklyn Bridge"

Ace of Spades: "The Obama Presidency - By The Numbers"

3:01 PM, Sep 30, 2011 • By JEFFREY H. ANDERSON

Politico reports that Warren Buffett’s idea of tax reform is apparently quite different from President Obama’s. Buffett says he would raise taxes on those with “very high incomes that are taxed very low,” but not on those making annual salaries of $50 million.

11:17 AM, Sep 25, 2011 • By DANIEL HALPER

New York City mayor Michael Bloomberg, who is a proponent of raising taxes on everyone, criticized President Obama for using theatrics to trumpet his plan to raise taxes on the rich. "The Buffett thing is just theatrics," Bloomberg said this morning on NBC's Meet the Press.

7:00 PM, Sep 22, 2011 • By MARK HEMINGWAY

Spectator: "The great euro swindle"

CNBC: Dow Closes Down 391 points

Matt Bai: "Obama’s Tax Déjà Vu"

The Hill: "Republicans demand Buffett’s tax returns"

9:27 AM, Sep 21, 2011 • By JEFFREY H. ANDERSON

In his recently released deficit plan, President Obama lays out the “Buffett Rule” (named, of course, for Warren Buffett, the famous investor and supporter of Obama). The rule, as Obama defines it, is “that people making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay.”

4:24 PM, Aug 25, 2011 • By DANIEL HALPER

Warren Buffett wrote an op-ed last week making his case for higher taxes on the rich, like himself, who he said shouldn't pay at lower marginal rates than their underlings—and indeed Buffett paid a relatively paltry $6.9 million in taxes last year.

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