A search at the Associated Press's national website on Warren Buffett's last name at about 5 p.m. ET returned two recent items which are still present there. Each item (here and here)
mentions the Obama Fan of Omaha's idea to "impose a minimum tax of 30
percent on income between $1 million and $10 million, and a 35 percent
rate for income above that." Neither mentions the pathetically small
amount such a tax would raise while seriously impacting the ability of
high income earners who own or run businesses to expand them -- or in
some cases causing them to shrink.
It's the same at other establishment press outlets. Two recent New York Times items found in a search on Buffett's full name (here and here,
the latter item being Buffett's own op-ed on Sunday) fail to note how
little money Buffett's proposed tax hikes would raise. So how little is
"little"?
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