Tag: Warren Buffett
How Trump’s budget could affect public radio in Southwest Colorado
The Corporation for Public Broadcasting makes up about .01 percent of the nation's nearly $4 trillion federal budget, which, The Durango Herald pointed out this...
Millionaire Denver Republican Terry Barr: Raise my taxes
Terry Barr, millionaire president of Samson Oil recently held a little party in Denver to raise money for Republicans. No surprise there, but when it was over, he told a New York Times reporter that the government should raise his taxes.
Gas-pump ad campaign targets GOP Rep. Gardner
The Democratic Congressional Campaign Committee is gunning for Colorado Freshman Representative Cory Gardner with a bold gas-station advertising campaign that highlights his votes in support of oil industry tax breaks and deregulation, on one side, and his votes to prune Medicare, on the other. Ads will appear atop gas pumps in the Fourth District, capturing constituents as they watch their price-of-purchase climb. The ad text underlines the contrast between individual taxpayers sweating out the economy and the mega-profiting non-tax-paying corporations like Chevron and Exxon that are hiking gas prices in a recession without fear of political response.
Billionaire Buffett to lawmakers: I don’t need your coddling
Warren Buffett, an icon of American super wealth, skewers the anti-tax political theocracy dominating Republican politics in a New York Times op-ed today. GOP justifications for refusing to raise taxes for billionaire Americans at a time of record deficits are preposterous, he writes, adding that taxes have never stopped wealthy people from investing. He points out that Clinton-era tax rates were clearly more effective in adding jobs than the slashed rates of the Bush years. He adds that most of the mega wealthy only pay taxes on investment income, whereas lower- and middle-class Americans pay payroll taxes, too. He says the game has been rigged in his favor by the country's billionaire-friendly Congress and that the country's fiscal policy is unethical and absurd.