...Our corporate tax rate last year, effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrialized countries around the world. So it is a myth that American corporations are paying 35 percent or anything like it...
The GOP panacea is to cut cut cut spending, and of course, cut corporate taxes to the bone. They're so presh, aren't they? It's almost as if they think they have solutions that would help this country's struggling economy.
Nor do they care. This is about killing any constructive plan that the president offers up so that they can destroy any chance he has to win a second term. America first!
During the interview, Buffett also responded to Gov. Chris Christie’s pronouncement that Buffett should just “write a check and shut up,” instead of calling for higher taxes on the rich. “It’s sort of a touching response to a $1.2 trillion deficit isn’t it? That somehow the American people will just all send in checks and that’ll take care of it,” Buffett said.
And Chris? Write a check and shut up.