- CNTV English - CCTV News

Warren Buffett: Higher taxes on super-rich

08-17-2011 14:56 BJT

Watch Video

Play Video

The Oracle of Omaha has spoken - billionaire investor, Warren Buffett, is calling for higher taxes on the wealthy to bridge the massive U.S. debt gap.

Writing in the New York Times, Buffett is asking U.S. Congress to stop "coddling" the country's super-rich. He says those privileged few have been protected by legislators in Washington.

As part of an overall strategy to fix the U.S. debt crisis, Buffett says it's time America's wealthy start paying their fair share of taxes like the middle class.

President Obama agrees - he says the government needs more revenue to balance the budget, and any attempt to close the deficit gap should include tax increases for the rich as well as spending cuts.

Warren Buffett says the rich "have been coddled long enough by a billionaire-friendly Congress." Photo: Nati Harnik / Associated Press


Warren Buffett, at the 2010 meeting of his Berkshire Hathaway investment group, says that billionaires like himself have been 'coddled' by Congress. Photograph: Nati Harnik/AP

Editor:Li Wanran |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program