Warren Buffett on windfall profit taxes


	Warren Buffett on windfall profit taxes

n2sooners

6-25-2008 5:50 PM

248 views

tags:

buffett, taxes, oil, politics, economics

n2sooners says:

Will the media notice?

2 Comments |

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6-25-2008 11:11 PM

n2sooners

Wow, where are all the pops? It's funny how whenever Buffett comes out in favor of higher taxes the left is all over it making him out to be the worlds highest authority on tax policy, but he comes out against a tax for once and all you hear are crickets chirping.

7-14-2008 10:28 AM

papananook

go pop a cricket

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/31b1c1eb-9fbd-4a76-abe8-283b90b5e2a3/FEEB3A8E-1187-4197-9B5D-BADA697F05BC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://newsbusters.org/blogs/jeff-poor/2008/06/25/media-darling-warren-buffett-decries-obama-s-windfall-profits-tax" href="http://newsbusters.org/blogs/jeff-poor/2008/06/25/media-darling-warren-buffett-decries-obama-s-windfall-profits-tax" style="font-size: 11px;">newsbusters.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/jeff-poor/2008/06/25/media-darling-warren-buffett-decries-obama-s-windfall-profits-tax"><P>"I think it is very hard to have windfall taxes," Buffett said. "Steel has doubled in price. Is that a windfall for the steel producers? Sure. Corn is $7 a bushel; soybeans are at $15 a bushel. I don't think any candidate in his right mind with the number of electoral votes in farm states would say you ought to tax farms specially because they are getting a windfall."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/jeff-poor/2008/06/25/media-darling-warren-buffett-decries-obama-s-windfall-profits-tax"><P>"But they [farms] are getting a windfall from commodity prices," Buffett said. "Maybe they deserve it because commodities have been under priced, but to pick out one commodity - with copper at $3.60 a pound, you could say that the copper producers are getting a windfall. The networks are getting a windfall because of the Olympics. So, I don't think that picking anybody that's had a commodity that's increased in price a lot and saying that there's a special tax because of that makes any sense.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/jeff-poor/2008/06/25/media-darling-warren-buffett-decries-obama-s-windfall-profits-tax"><P>Buffett said he disapproved of the windfall profits taxes in an interview with CNBC's Becky Quick <A href="http://businessandmedia.org/articles/2008/20080625160220.aspx" linkindex="14" set="yes">on "Power Lunch" on June 25</A>. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FEEB3A8E-1187-4197-9B5D-BADA697F05BC/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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