Tag: Warren Buffett

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Donald Trump Politics

Warren Buffett to Donald Trump – Release Your Taxes

Donald Trump’s campaign said the Republican presidential candidate will not be showing his taxes – a first in decades of presidential candidates. The reason Trump gives for not releasing his tax returns is that he is supposedly “being audited by the IRS.” There are some who believe this reason and they will most likely be voting for Trump in November, but others say a look at Trump’s taxes will show some devious transactions, transactions a snake-oil salesman like Trump will not be able to explain.

Warren Buffett, a legitimate billionaire, does not believe Trump’s excuse. Buffett has challenged Trump to release his taxes. Buffett said he is willing to meet and publicly exchange taxes with Trump “any place, any time.”

At a rally in Omaha, Neb., for Democratic nominee Hillary Clinton, Buffett knocked Trump’s argument that he can’t release his tax returns because he’s being audited by the IRS, saying he’s also under an audit.

“I’d be delighted to meet him any place, any time between now and election,” Buffett said. “And let people ask us questions about the items on there.”

Trump has received scrutiny from both Democrats and Republicans for refusing to release his tax returns, something that candidates have historically done while running for president.

Clinton has released more than 30 years of her returns.

“How many of you afraid to make tax returns public?” Buffett asked. “You’re only afraid if you have something to be afraid about.”

“He’s not afraid because of … the IRS,” he added. “He’s afraid of you.”

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Politics taxes

Mark Cuban Agrees – Millionaires Should Pay Their Fair Share

Billionaire Mark Cuban, owner of the Dallas Mavericks, tells ABC Radio that he agrees with President Obama’s position of taxing the rich. Don’t tell the Republicans who have decided that rich people should never pay the same rate poorer Americans pay.

Mark Cuban has joined the likes of Warren Buffett and Russell Simmons, among others, who are willing to pay their fair share.

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Barack Obama Politics Republican

Obama – This Is Not Class Warfare, It’s Math

Today, President Obama outlined his plan for deficit reduction. He again called for a balanced approach to reducing the nation’s deficit through both spending cuts and raising revenue by asking the top 3% of the wealthiest Americans to pay the same rate middle class Americans already pay. Of course, Republicans used the last few days to get their talking points out, calling the President’s proposal “class warfare.”

But President Obama had an answer for them;

It comes down to this: We have to prioritize. Both parties agree that we need to reduce the deficit by the same amount — by $4 trillion. So what choices are we going to make to reach that goal? Either we ask the wealthiest Americans to pay their fair share in taxes, or we’re going to have to ask seniors to pay more for Medicare. We can’t afford to do both.

Either we gut education and medical research, or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get. We can’t afford to do both.

This is not class warfare. It’s math. The money is going to have to come from someplace. And if we’re not willing to ask those who’ve done extraordinarily well to help America close the deficit and we are trying to reach that same target of $4 trillion, then the logic, the math says everybody else has to do a whole lot more: We’ve got to put the entire burden on the middle class and the poor. We’ve got to scale back on the investments that have always helped our economy grow. We’ve got to settle for second-rate roads and second-rate bridges and second-rate airports, and schools that are crumbling.

That’s unacceptable to me. That’s unacceptable to the American people. And it will not happen on my watch. I will not support — I will not support — any plan that puts all the burden for closing our deficit on ordinary Americans. And I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.

But explaining simple math to a group who thinks teachers are the enemy and wants to eliminate the Department of Education, may not be the easiest thing to do, but based on the President’s attitude today, I think he’s up for the challenge.

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Politics

Warren Buffett – Republicans Are Trying to “Blow America’s Brains Out!”

He is one of the richest man in America… in the world for that matter, and if the Republicans get their way, Warren Buffett would be the perfect example of the rich in America who will directly benefit from their no-tax policies. But Mr. Buffett is operating in the realm of reality, and he knows that what the Republicans are trying to do – balance the budget on the backs of the poor – is simply not possible. Warren Buffett is speaking out, saying that the Republicans are “playing Russian roulette” with America.

Today Mr Buffett, 80, hit out by claiming the GOP strategy was like a deadly game of chance involving passing around a six-chamber revolver loaded with a single bullet.

‘Five times out of six to raise the debt limit might not be dangerous, but the sixth time could have catastrophic consequences,’ he said at a Wall Street mogul conference in Sun Valley, Idaho.

He added that Republicans were ‘trying to use the incentive now that we’re going to blow your brains out, America, in terms of your debt worthiness over time.’

‘You’re playing with fire when you don’t need to play with fire,’ he also said, adding: ‘We raised the debt ceiling seven times during the Bush Administration,’

The U.S. ran into its $14.29 trillion debt ceiling on May 16, but has since used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating without impact on government obligations.
The Treasury has set August 2nd as the deadline for raising the debt ceiling past the $14.2 trillion mark. Republicans, many in congress who saw no problem raising the debt ceiling for previous Republican administrations, are now the stumbling block, and seem willing to see America default on paying its debts, a move many economists predict will be catastrophic worldwide.
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Politics Republican Republican Congress Wealth

Billionaire Warren Buffett says “I Should Be Paying More Taxes”

Billionaire Warren Buffett’s message to Republicans and President Obama – “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.”

Mr. Buffett, Chairman and CEO of Berkshire Hathaway appeared on ABC’s This Week with host Christiane Amanpour and spoke about the Bush Tax Cuts and the Republicans claim that the rich need tax cuts to provide jobs for the middle class.

Mrs. Amanpour stated the republican claim that, “you have to keep those tax cuts, even on the very wealthy, because that is what energizes business and capitalism,” but the billionaire CEO shut down that Republican talking point with some first-hand knowledge, saying;

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.

The American people are catching on but so far, no luck with the Republican in Congress. These Congressional Republicans – who are themselves millionaires and make up about 44 percent of Congress – are still demanding that rich folks like Warren Buffett get more tax-cuts for “job creation.” And these Congressional millionaires will not compromise on this position.

See the video below.

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