“I couldn’t get a disease named after me, so I settled for a tax.”
– Billionaire investor and businessman Warren Buffett, on the so-called “Buffett Rule,” a proposal that would make Americans with annual incomes above $1 million to pay a 30% tax rate.
He doesn’t have to worry about not having a disease named after him. There are plenty of people in both houses of Congress – mostly Republicans – who could take his place on that level.
Filed under News
“We’re going to close the unproductive tax loop holes that have allowed some of the truly wealthy to avoid paying their fair share.”
– President Ronald Reagan, Northside High School, Atlanta, GA; June 6, 1985
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“Ronald Reagan, who, as I recall, is not accused of being a tax-and-spend socialist, understood repeatedly that when the deficit started to get out of control, that for him to make a deal, he would have to propose both spending cuts and tax increases. Did it multiple times. He could not get through a Republican primary today.”
– President Barack Obama, at a meeting of the Newspaper Association of America
Chief Writing Wolf 