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.”
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.”