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: ‘Iíll even go three for one for McConnell.’Ē
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.
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