Warren Buffett Watch
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Warren Buffett Challenges GOP Senator Mitch McConnell to Help Reduce the Federal Deficit
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Last fall, after Buffett wrote his controversial op-ed calling for higher tax rates on the very rich ("Stop Coddling the Super-Rich"), McConnell suggested that if Buffett is "feeling guilty" about his tax rate he should "send in a check" to the Treasury.
That line had become very popular among Buffett's conservative critics.
In a Time Magazine interview posted on its web site, he has some fun with McConnell's suggestion.
"I thought of offering to match the total amount — if we go to a contribution system — I'll match the total contribution made by all Republican members of Congress, and I'll even go three for one with McConnell. (Laughs.)
It's kind of touching this faith he has in the American public, that with a one-point two or three trillion dollar deficit that he thinks Americans are so wonderfully spirited that they would just solve it all by contributions. That is a tax policy only a Republican could come up with. So Mitch — and he's got this line, he's got this proposal out there — I would definitely, it's a firm offer, all the Republican members of Congress and like I say, I'm willing to triple his. I'll match the rest of them."
(You can hear Buffett's comments, along with some others on different topics, courtesy audio files Time has included in its online story.)
Time notes, "That could be quite a bill if McConnell takes the challenge; after all, the Senator is worth at least $10 million."
Buffett says, "I'm not worried."
PAST POSTS ON BUFFETT AND TAXES
- Buffett Offers Millions in Deficit Donations, If ... 23 Jan 2012
- 'Delighted' Buffett Matches GOP Rep's Deficit Donation 18 Jan 2012
- McConnell's Office Responds to Challenge 11 Jan 2012
- Buffett Challenges McConnell on Deficit 11 Jan 2012
- Buffett Reveals His AGI ($63M) .. and Offers to Show Even More 12 Oct 2011
- Obama's Distinction Between 'Buffett Rule' and 'Millionaire Surtax' 06 Oct 2011
- Buffett's Dare to Rupert Murdoch: Let's Both Release Our Tax Returns 04 Oct 2011
- Warren Buffett Isn't Giving Up: 'If I Have Views I Will Talk About Them' 03 Oct 2011
- GOP Claims Warren Buffett Disagrees with Obama's 'Buffett Rule' 30 Sep 2011
- GOP's Perry: Buffett Doesn't Understand 'Real World' of 'Overtaxation' 29 Sep 2011
- MoveOn TV Ad: 'I'm Warren Buffett's Secretary' 19 Sep 2011
- GOP Accuses Obama of 'Class Warfare' with 'Buffett Rule' 18 Sep 2011
- Buffett: New Money Managers Not Bothered By Higher Tax Rate 14 Sep 2011
- Buffett's Tax Argument Still Sparking Debate 22 Aug 2011
- Buffett Tells Charlie Rose Why Super-Rich Should Be Taxed More 17 Aug 2011
- Buffett's Renewed 'Tax the Super-Rich' Call Ignites Strong Debate 16 Aug 2011
- Critics Ask Why Buffett Doesn't Voluntarily Pay More Taxes 15 Aug 2011
- Buffett Talks Taxes with NBC's Tom Brokaw
31 Oct 2007 - CNBC's Kernen Challenges Buffett on Higher Tax Rates for the Rich 30 Oct 2007
- Warren Buffett: Tax the Rich! 28 Jun 2007
Current Berkshire stock prices:
Class B: [BRK.B
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Class A: [BRK.A
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Keep up with Warren Buffett on CNBC.com and follow alexcrippen on Twitter.
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