To: TimF who wrote (164309 ) 3/15/2003 1:25:33 PM From: tejek Read Replies (3) | Respond to You know how you were telling me that the tax cuts will be great for the working class, and that the GOP is the friend of the working man. Someone needs to tell Warren Buffett.......he ain't getting it. Warren Buffett told Senate Democrats yesterday that President George W. Bush's proposal to eliminate taxes on dividends would unfairly benefit the rich, senators said after meeting with the billionaire investor. Getting rid of the dividend tax, the centerpiece of Bush's $726 billion tax-cut proposal, would slice the Berkshire Hathaway chairman's annual federal tax bill by $300 million, and Buffet said that would mean he would pay proportionately less in taxes than his secretary, according to lawmakers at the meeting. Buffett told senators he currently pays taxes at the same rate as his office secretary. He said if Congress passed Bush's dividend tax cut, his tax rate would be a small fraction of hers, senators said. Sen. Jon Corzine of New Jersey quoted Buffett as saying, "We may be having class warfare, but my class won."
