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Warren Buffett Thanks Dem Senator for Introducing ‘Buffett Rule’ Legislation

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By Doug Powers  •  February 23, 2012 11:15 AM

**Written by Doug Powers

Because similar taxapalooza initiatives on the upper one percent are working out so well in the UK, Democrats in the US continue to try to implement the Buffett Rule. Warren Buffett is appreciative:

Billionnaire investor Warren Buffet said in a letter Wednesday that he was “delighted” to support legislation to implement the “Buffett Rule,” which would ensure that those making over $1 million annually pay at least a 30 percent effective tax rate.

“I’m delighted to be identified as a supporter of S. 2059,” Buffett wrote in a letter to Sen. Sheldon Whitehouse (D-R.I.), who introduced legislation to implement the rule.

“I have no problem endorsing any large step in the direction of greater fairness in the tax code… Thanks for what you are doing for our country,” Buffett added, according to the senator’s office.

Somehow all this will culminate in Buffett’s secretary being better off. Maybe she’d even be able to upgrade to “Executive Assistant.”

Nearly half of Americans are exempt from paying 2011 Federal income taxes. What’s “fair” about that? If Buffett wants greater fairness in the tax code he should start by supporting the idea of more Americans having some skin in the game so everybody is forced to care about Washington’s waste, shams, schemes and ineptitude.

As for the “Buffett Rule,” I prefer Chris Christie’s version because it involves no legislation at all: Cut a check and shut up.

(h/t Weasel Zippers)

**Written by Doug Powers

Twitter @ThePowersThatBe

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