The Washington Times - August 15, 2011, 02:34PM

Democrats are moving quickly to capitalize on Warren E. Buffett’s “tax-me-more” op-ed in today’s New York Times.

President Obama, on a three-day bus tour through the Midwest, lauded the Buffett article at a town-hall meeting in Cannon Falls, Minn. Earlier in the day, presidential spokesman Jay Carney cited the piece during a briefing with the White House press corps, and the Democratic Senatorial Campaign Committee shared and cited the item on Facebook under the heading “Important message.”

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In the article, headlined “Stop Coddling the Super Rich,” Mr. Buffett, the chairman of Berkshire Hathaway and the third-wealthiest man in the world with an estimated fortune of $80 billlion, outlined a proposal for higher tax rates on millionaires:

“For those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate,” he writes. “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.”