Quote of the Day
Posted in Main Blog (All Posts) on November 22nd, 2010 5:39 am by HL
Quote of the Day
“I will not vote for a single piece of legislation that I can’t reconcile with the text and the original understanding of the U.S. Constitution… I’ll do it every single time regardless of what the precedent says.”
— Sen.-elect Mike Lee (R-UT), quoted by NBC News.
Buffett Says Rich Should Pay More
Billonaire investor Warren Buffett said the Bush-era tax cuts for the rich should be allowed to expire at the end of the year, the Financial Times reports, “adding that, if anything, the wealthiest Americans should pay even more in taxes.”
He also “scotched suggestions, promoted by Republicans, that extending tax cuts for the rich would lead to more investment and have a multiplier effect across the economy at a time when growth remains insipid.”
Said Buffett: “The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.”