START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x
1,326,047 people care about Politics

Buffett to GOP: You Pay Down The Debt And I’ll Match You

Buffett to GOP: You Pay Down The Debt And I’ll Match You

When billionaire businessman Warren Buffet stated that it was unfair that he paid a lower tax rate than his secretary, simply because most of his income was via capital gains, Republicans scoffed. “If you want to pay down the deficit, just write a check,” they taunted, arguing that just because he felt that the rich should shoulder more of the economic burdens for the country, that didn’t mean that all wealthy Americans wanted to do the same.

Now, Buffett is challenging them again, this time offering to write a check to match any Republican who is willing to donate to pay down the deficit with him.

And, if you’re Senate Minority Leader Mitch McConnell, he’ll match you three to one.

Politico reports, “The billionaire told Time magazine that he will readily match all voluntary personal contributions made by congressional Republicans to the U.S. Treasury on a dollar for dollar basis, with an added bonus: ‘Ill even go three for one for McConnell.’

Of course, McDonnell’s office is dancing around the deal, saying Buffett should match Democratic contributions instead. “Sen. McConnell says that Washington should be smaller, rather than taxes getting bigger,” McConnell spokesman Don Stewart said. “And since some, like President Obama and Mr. Buffett want to pay higher taxes, Congress made it possible for them to call their own bluff and send in a check. So I look forward to Mr. Buffett matching a healthy batch of checks from those who actually want to pay higher taxes, including Congressional Democrats, the President and the DNC.”

In other words, don’t even begin to think Republicans will ever be willing to pay their fair share in taxes. The deficit is everyone else’s problem.

 

Read more: , , , , , ,

Photo credit: wikimedia commons

have you shared this story yet?

some of the best people we know are doing it

72 comments

+ add your own
7:15AM PDT on Oct 10, 2012

THATS GREED ON THE BILLIONAIRS PART TO FIRE HIS WORKERS IF OBAMA GOT IN AGAIN, IF ONLY HE THOUGHT ABOUT BEING A GOOD GUY AND HELPING OTHERS INSTEAD OF THINKING OF HIMSELF AND HIS MONEY , HE MIGHT FIND PEACE IN HIS LIFE.IT MUST BE HE PUT GOD OUT OF HIS LIFE BECAUSE GOD SAID BLESSED ARE THE POOR AND IT S BETTER FOR A CAMEL TO GO THROUGH THE EYE OF A NEEDLE THEN IT IS FOR A RICH MAN TO GO TO THE KINGDOM OF GOD, I PITY HIM

2:22PM PST on Jan 21, 2012

Greedy, selfish, lying Repugs. They have most of the wealth and give back the least. What a stupid suggestion to tell the Dems to contribute when Dems have been contributing all along, and that is why they are not nearly as wealthy (they don't hoard their money for no reason). That's one of the major differences between the parties. Of course, you can find exceptions in both parties, but look at the big picture people and look up what exception means if you disagree with me.

12:07AM PST on Jan 17, 2012

This is insane that the people most responsible for running up the debt systematically cut off every means for resolving it save for using it as an ideological instrument to enforce discipline on the poor and middle class and then blame the massive tax breaks, the unfunded wars, the corporate welfare, the corporate bailouts, and the bad economy on working people. Now we have to look to billionaires to bail us out?
1. Bail out the economy with real jobs.
2. Restore the tax system to where it was in the '90s: raking in surpluses.
3. End the wars.
Those are the three major causes of the debt, in order of priority. Any plan that does not deal with these issues first is simply not serious. Get these under control and then let's talk about the cost of healthcare and domestic spending priorities.

4:06PM PST on Jan 16, 2012

Buffet is a hypocrite. Even his donations to the Gates foundation are contingent on them remaining tax deductible.

Does anyone really think we can balance the budget let alone pay down the debt by raising taxes?

2:56PM PST on Jan 16, 2012

Pathetic

1:06PM PST on Jan 16, 2012

I bet all those "poor" RePUBIC-clowns are just lining up to match his donation . . . yeah, right! And there goes another one flying past the window!

8:06PM PST on Jan 15, 2012

Go! Buffett!

2:29PM PST on Jan 15, 2012

Evidently Steve R. You haven't heard that the Democrats who are wealthy have agreed that the taxes on the rich should be raised (that would include themselves)...the wealthy Republicans do not want their taxes raised.

2:13PM PST on Jan 15, 2012

It is unfortunate that we don't have more wealthy people like Warren Buffett who actually care about America. Although there are two dozen other millionaires and billionaires who have stepped up to join Buffett in helping to make a more fair tax. A few percentage points more in the tax rate for the super wealthy will not make a dent in their wealth, and would help the Country. Only pure greed would stop a wealthy person for agreeging to this.

Everyone knows that just cutting benefits for the elderly and the poor, or our safety nets, will not creare jobs, or lower the deficit.

Romney created great wealth for himself from Bain. Some of the companies he took over survived and some failed. So The bashing going on about Obama and Solyandra is nonsense. The tea party Republicans take one example and beat it to death. So one solar company failed (for many reasons) there were many more that survived. Remember it was Obama who saved the Auto Industry, with much obstruction from the right of course.

9:59AM PST on Jan 15, 2012

If Buffet wants to pay more in taxes then he should start taking his pay in a paycheck rather than stock like most people do then his tax rate would jump quite a bit.

What would taxes have to be to even have a balanced budget? With $15trillion in federal debt which may reach $16trillion by election if Congress raises the limit again. We will be looking at nearly $1trillion in interest payments when the FED stops inflating the market with 0% interest and interest payments go back to historical average. Of course that will cause the bubble to burst for the next Presidential term.

We need real cuts to the government not these tiny cuts that Congress and the Whitehouse are proposing.

add your comment



Disclaimer: The views expressed above are solely those of the author and may not reflect those of
Care2, Inc., its employees or advertisers.

ads keep care2 free
Story idea? Want to blog? Contact the editors!
ads keep care2 free



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.