Quote of the day II--Billionaire for tax cuts

Warren Buffett proposed a further tax cut for the middle class, upper middle class and lower middle class -- essentially, everyone except the wealthy -- in an interview Tuesday with CNN Money's Poppy Harlow, at Fortune's Most Powerful Women Summit in Washington, DC

The billionaire investor, who, with a roughly $45 billion net worth, is the country's second richest person (behind Bill Gates), also said the government should raise taxes on the richest 2 percent of the country. That particular message was nothing new: He's been saying for years that the rich need to bear a greater share of the tax burden. Buffett reiterated Tuesday that he has the lowest tax rate of anybody in his Omaha office, even despite the fact that he doesn't have a tax shelter. But his tax cut proposal was new.
"I think maybe we should cut taxes for the middle class," he said. "Upper middle class [and] lower middle class."
Taxing the rich, he said, is the best way for the government to boost its income.

"The question is, Do we get more money from the person that's gonna serve me lunch today, or do we get it from me? I think we should get it from me," he said.

I couldn't agree more, Mr. Buffet.

Link to the original post:  http://www.huffingtonpost.com/2010/10/05/warren-buffett-tax-cuts_n_751503.html