Warren Buffett
President Obama to Make Buffett Rule Central Focus of Campaign
The pressure is on. The Senate isn’t set to vote on the so-called “Buffett Rule” until next week. But the White House is already setting the stage to make the rule, which would require those making more than a million dollars a year to pay at least 30 percent in federal income tax, a central […]
Buffett Invests $10.7 Billion in IBM
Billionaire investor Warren Buffett announced on CNBC Monday morning that his Berkshire Hathaway holding company has bought $10.7 billion of stock in IBM. Buffett said the company began investing in March, and now owns 64 million share of IBM, or 5.5 percent of the computer and technology company. The buy is a bit of a […]
Top of the Hour: GOP Pushes Back Against Obama Deficit Plan, Morning Headlines
GOP lawmakers have already labeled the proposed tax hikes in President Obama’s deficit reduction plan “class warfare,” particularly the so-called “Buffet Rule.” Named for billionaire Warren Buffett, the rule imposes a minimum tax rate on those earning more than $1 million per year.
Obama to Unveil Deficit Reduction Plan
President Obama will announce a deficit reduction plan that will reduce government spending by $3 trillion through cutting entitlements, tax increases, and war savings. The plan is the White House’s opening offer to the Congressional “super committee,” which has until Dec. 23 to reach a deal on deficit reduction. GOP lawmakers have already labeled the proposed tax […]
Grover Norquist Reacts to Obama’s Proposed ‘Buffett Rule’
President Obama will announce a deficit reduction plan today that will reduce government spending by $3 trillion through cutting entitlements, tax increases, and war savings. The plan is the White House’s opening offer to the Congressional “super committee,” which has until Dec. 23 to reach a deal on deficit reduction. GOP lawmakers have already labeled the proposed […]