Warren Buffett

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Obama Looks to Bludgeon Romney With Buffett Rule

Or is that the 'Romney Rule'?

(Newser) - On a recent White House conference call on the Buffett Rule , a reporter offered President Obama's staff an idea: Why not call it the "Romney Rule?" So far they haven't taken that suggestion, but they are giddy at the prospect of campaigning for the rule, which would...

Report: Rich Would Dodge Buffett Rule

Tax hike for richest would raise just $47B over 11 years

(Newser) - The proposed "Buffett Rule" tax on America's highest earners would barely make a dent in the federal deficit, according to a report from congressional analysts. The plan to impose a 30% minimum tax on people making more than $1 million a year would raise just $47 billion over...

Celebs Got Seat at State Dinner
 Celebs Got Seat at State Dinner 
Mar 15, 2012 6:34 AM CDT

Celebs Got Seat at State Dinner

George Clooney, 'Downton Abbey' actors, John Legend in attendance

(Newser) - British Prime Minister David Cameron and wife Samantha were the honorees at last night's state dinner, but the real VIPs were the other 350-something people who managed to score a ticket. Among them: George Clooney (who sat next to Michelle Obama at the head table, but of course), Warren...

Slim Still World&#39;s No.1 Fat Cat
 Slim Still World's No.1 Fat Cat  
BILLIONAIRES LIST
Mar 8, 2012 2:00 AM CST

Slim Still World's No.1 Fat Cat

Forbes counts a record 1,226 billionaires

(Newser) - There are more billionaires than ever in Forbes' annual list , but no surprises at the top. Mexican telecom tycoon Carlos Slim heads up the list for the third year in a row, with an estimated net worth of $69 billion. Bill Gates, Warren Buffett, and French luxury-goods magnate Bernard Arnault...

Berkshire Picks Successor for Warren Buffett

But CEO doesn't plan to step down anytime soon

(Newser) - The big news out of Warren Buffett's annual letter to Berkshire Hathaway shareholders is that he's finally picked a successor, reports the Wall Street Journal . He's just not saying who it is. Buffett, 81, also wrote that he is in "excellent health" and "isn't...

Christie to Buffett: Pay Up and Shut Up

New Jersey governor is 'sick of hearing about' Buffett Rule

(Newser) - Chris Christie has just about had it with that pesky Oracle of Omaha and all his talk about millionaires paying more taxes. The New Jersey governor cut off Piers Morgan's Warren Buffett question at the pass in an interview last night on CNN , telling him, "He should just...

Buffett, Secretary on Her Salary: MYOB

Bloggers are missing the point, he says

(Newser) - So what does Warren Buffett's secretary make? Neither Buffett nor Debbie Bosanek are spilling, despite a flurry of speculation after her star turn at the State of the Union address. "They can't attack the facts, so they attack the person. It's ridiculous," Buffett tells the...

Obama's Buffett Rule: 30% Minimum Tax for Millionaires

Warren Buffett secretary Debbie Bosanek is there as a guest

(Newser) - President Obama made his expected pitch for the Buffett rule tonight, with Warren Buffett secretary Debbie Bosanek attending his State of the Union speech to hear it in person. After noting Buffett's complaint that she pays a higher tax rate than her billionaire boss, Obama fleshed out the details,...

Special Guest at SOTU: Warren Buffett's Secretary

Debbie Bosanek will sit in Michelle Obama's box

(Newser) - At tonight's State of the Union address, Warren Buffett's secretary will have a seat in Michelle Obama's box, the Washington Post reports. Debbie Bosanek is the inspiration for President Obama's "Buffett rule," a call for the rich to pay a higher tax rate; Buffett...

Warren Buffett Jams on Ukulele for Chinese New Year

 Warren Buffett 
 Jams on Ukulele 
chinese new year
Jan 23, 2012 8:54 AM CST

Warren Buffett Jams on Ukulele

Sings 'I've Been Working on the Railroad'

(Newser) - Festivities for China's biggest holiday are in full swing, and Warren Buffett is getting in on the fun. The 81-year-old billionaire played ukulele and sang "I've Been Working on the Railroad" for one of the most-watched TV programs in the world—China Central Television's New Year'...

Buffett Dares GOP to Donate More Taxes

Says he'll match them, and 'even go 3 for 1 for McConnell'

(Newser) - Warren Buffett's ready to donate money to pay down the national debt—provided Republicans lawmakers do so first. When Buffett called for higher taxes on the rich last year, Mitch McConnell and many other Republicans told him to " send in a check ," and John Thune even introduced...

Quote of the Year Is Occupy Wall Street's 'We Are the 99%'
 And the Quote of the Year Is... 
Dec 19, 2011 8:21 AM CST

And the Quote of the Year Is...

'We are the 99%' ... plus 9 more memorable utterances

(Newser) - It's been a good year for quotes inspiring, inept, and inscrutable. A Yale librarian has compiled his annual list of the year's 10 key quotations, and topping this year's selection is Occupy Wall Street's rallying cry: "We are the 99%." The runners-up:
  1. Lines from
...

Warren Buffett Buys Hometown Newspaper

At $200M, purchase not about investing

(Newser) - Warren Buffett makes news for his multi-billion-dollar investments, not a piddly $200 million—but Buffett surprised many people when he announced yesterday he was spending that to buy his hometown newspaper, the Omaha World-Herald, reports Bloomberg . The billionaire slammed the newspaper industry two years ago, saying it had the "...

Buffet: Eurozone Not Working
 Buffet: Eurozone Not Working 
Nov 22, 2011 1:15 AM CST

Buffet: Eurozone Not Working

Billionaire investor hails Japanese business during Fukushima visit

(Newser) - The European debt crisis has exposed serious problems in the 17-country Eurozone that will require radical changes to fix, warns Warren Buffett. There is a "major flaw in the euro system," the billionaire investor said yesterday while on his first visit to Japan. "That flaw won't...

Buffett Buys $10.7B in IBM
 Buffett Buys $10.7B in IBM 
Nov 14, 2011 8:13 AM CST

Buffett Buys $10.7B in IBM

He now owns 5.5% of the company

(Newser) - Warren Buffett typically shies away from tech companies, but not this year. In an interview on CNBC this morning, Buffett revealed that he’s bought $10.7 billion worth of IBM stock since March, a purchase that had been kept confidential in Berkshire Hathaway’s recent filings. The buy gives...

8 (Out of 400) Billionaires Say Yes to Higher Taxes

Most just ignored the question from Salon

(Newser) - Salon sent queries to every single billionaire on the Forbes 400 asking whether they would be willing to pay more taxes. The results: Eight said yes (including Buffett), one said no (Charles Koch), and a few offered qualified answers somewhere in between. The other 390 or so—including Oprah,...

Buffett: I Made $63M Last Year, Should Pay More

He paid about $7M in federal income tax

(Newser) - Warren Buffett got back in the public fray over taxes today with a letter to GOP congressman Tim Huelskamp of Kansas. Highlights:
  • Buffett wrote that his adjusted gross income last year was $62.8 million and his taxable income was $39.8 million. He paid $6.9 million in federal
...

Buffett to Murdoch: You Show Me Yours, I'll Show You Mine

Tax returns, he means

(Newser) - Warren Buffett sounds pretty content to be at the center of the nation's tax debate: He said today that he'd be happy to release his tax returns as critics have demanded—provided fellow billionaire Rupert Murdoch did the same, reports Reuters . Why Murdoch? His News Corp owns the...

EJ Dionne: Warren Buffett's Capital Gains Tax Talk Scares Conservatives

 Buffett Terrifies 
 Conservatives 
EJ Dionne
Sep 29, 2011 11:43 AM CDT

Buffett Terrifies Conservatives

He's the perfect messenger to expose tax unfairness, EJ Dionne writes

(Newser) - Conservatives are tripping over each other in their zeal to attack Warren Buffett, and it’s not hard to see why, writes EJ Dionne in the Washington Post . “Buffett’s sin is that he spoke a truth that conservatives want to keep covered up,” namely that there’s...

Bloomberg Rips Buffett, Urges Tax Boost for All

Calls Warren Buffett's tax comments 'just theatrics'

(Newser) - New York Mayor Michael Bloomberg is the latest billionaire to fire back at Warren Buffett's call to raise taxes on America's super-rich, reports the New York Daily News . "The Buffett thing is just theatrics," scoffed Bloomberg on NBC's Meet the Press. "I think that...

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