Buffet Seems Cool to Buffet Rule

In Friday CNBC interview, Oracle seems to be in favor of a much higher income threshold than in Bam plan.

Q: Are you happy with the way is the program that the white house has presented your program?

A: Well, the precise program, I don’t know what their program will be. my program would be on the very high incomes that are taxed very low — not just high incomes. if you make 50 million appearing on television, that income won’t change, but if they make a lot of money and pay a low tax rate, like me, it would be changed by a minimum tax.

Q: Does that mean you disagree with the President’s new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000.

Q: That’s another program I won’t be discussing, but my program is to have a tax on ultra-rich people who are paying very low tax rates. Not just all the rich people. It probably would apply for 50,000 people.

Q: That means you disagree with the president on the 250,000.

A: No, no, you may disagree —

Q: I’m asking, you agree that 250,000 is the right number?

A: I will look at the overall plan that gets submitted to congress and decide net do I like it or do I not like it? There’s no question there will be parts I disagree with.

Q: Are you a supporter of his jobs program right now?

A: I am a supporter of the action he’s trying to get the Congress to join him in taking to really do something.

Q: But you agree with all the details or no?

A: I haven’t looked at all details.

Q: Fair enough.

Related Topics: Buffet Rule, Congress, House, Senate

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