Source: Lucy Madison / CBS News
Famously outspoken New Jersey Governor Chris Christie says he’s “tired” of making the discourse surrounding tax reform all about Warren Buffett – and that if the billionaire investor wants so badly to pay more taxes, “he should just write a check and shut up.”
In a CNN interview on Tuesday, Christie sparred with Piers Morgan over the issue, arguing that, as governor, he’s “not going to let the most vulnerable suffer.” But the Republican governor added that he also is “not going to get into this class warfare business, where certain people are more important than others or deserve more attention than others.”
Warren Buffett has become something of a symbol for the left on the matter of tax reform, due to his urging that the wealthiest Americans – people like himself – should be taxed at a higher rate than the current tax code demands.
Buffett expressed this opinion in an op-ed last year, and the Obama administration quickly seized on it as part of its agenda for overhauling the tax code. The proposed “Buffett Rule,” as the White House calls it, would implement a minimum 30 percent tax rate for anyone making more than $1 million per year. Currently, most investment income from capital gains and dividends is typically taxed at a maximum rate of 15 percent. This would increase the tax rates for many wealthy Americans who earn most of their income in investments rather than salaries.
To read this article in its entirety visit CBS News.
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