The Buffett Rule and Tax Reform Essay

940 Words Apr 21st, 2013 4 Pages
The Buffett Rule and Tax Reform As the tax cuts enacted by George W Bush during his presidency come to a close, the importance of reconciling spending and taxation has produced a spirited debate as to the best manner in which to solve the debt crisis. One voice in the debate is that of Warren Buffett, Chairman and CEO of the holding company Berkshire Hathaway and one of the richest men in the world. He has come out against the status quo tax policies, stating “My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.” However Mr. Buffet’s analysis of the situation fundamentally assumes two things about raising the taxes on the rich: first, that …show more content…
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