President Obama's Weekly Address - March 31, 2012

Passing the Buffett Rule So That Everyone Pays Their Fair Share

Buffett Birthers?

Seriously?

The Hill reports big names in Congress are starting to say Buffett "needs to reveal his finances if his views on tax rates are going to serve as the basis for Obama administration policy."

NRSC chair John Cornyn (TX), who took the call to Twitter Thursday, explained to ABC News that knowing how Buffett makes his money could change the way people view the so-called "Buffett Rule" that President Obama is making a cornerstone of his call for increased taxes on the super-rich.

John Cornyn should pay attention because I believe this is exactly what Warren Buffett admitted to. He is taxed at a lower percentage on capital gains for really doing nothing but investing his money.

Here he is on Charlie Rose, WITH A COPY OF HIS TAX RETURNS!



Hey Buffett Birthers, just say "Oops" and get out! And now that we've seen that Mr. Buffett has made his tax returns public, I'd like to see the Koch brothers' returns, please.

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Hadley Freeman: Proof of Republican 'Doublethink'

Jonathan Martin & Jake Sherman: Rick Perry’s Loose Lips Worry Hill Republicans

Allison Kilkenny: President Red Herring

Bob Cesca: Rick Perry is a Socialist in a Secessionist Costume

Steve Benen: How About a Bachmann-Inspired Stimulus?

T.P. Pratt: Stop Coddling The Poor

Liar

Why did Nebraska Democratic Senator Ben Nelson vote with Republicans to block the financial reform bill?

...Nelson said he was worried the "legislation will adversely impact Main Street when the focus needs to be on Wall Street. ... I don't think everyone is aware of the unintended consequences."

Oh really?

The removal of a provision that would have dramatically benefited financial tycoon and Nebraska native Warren Buffett, it was said, played a role in the Senator's flip.

"He was on board until today and the only thing that changed was the removal of that provision," said one Democratic aide, who definitively said Nelson changed his vote because the Buffett carveout was removed.

Ben Nelson sold out the American people for a short while for $8 billion, the money Warren Buffett's company would have to set aside to cover potential losses on derivatives contracts.

Ben Nelson sold out the country for Warren Buffett, one of the wealthiest men if not the wealthiest, in the world.