Senate Republicans demanded that Warren Buffett, the namesake of Obama’s tax hikes, turn over his tax returns so they can be compared to his secretary’s returns.
Buffett says his secretary pays more taxes than he does.
Republicans want to see Buffett’s tax returns.
The Hill reported:
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The GOP is making a concerted effort to pressure billionaire investment guru Warren Buffett to release his tax returns to the public.
Republicans say Buffett — the public face of Obama’s proposed “Buffett rule” to increase taxes on the wealthy — needs to reveal his finances if his views on tax rates are going to serve as the basis for Obama administration policy.
“Will Warren Buffett release his tax returns so we can see why he should be the standard for tax policy?” Sen. John Cornyn (R-Texas) questioned in a tweet Thursday.
“If he’s going to be the gold standard, so to speak, in terms of what our tax policy should be, yeah, let’s look at it [his tax returns],” Cornyn told ABC News.
Buffett’s ties to the administration don’t end with the tax plan. He is also helping the president fundraise for his reelection campaign and has become a vocal champion of the administration’s deficit-reduction goals.
Buffett called on the administration to raise taxes on him and his “mega-rich” friends in an op-ed earlier in the year, and claimed he pays taxes at a lower rate than his secretary.