Buffett Dares GOP to Donate More Taxes
Says he'll match them, and 'even go 3 for 1 for McConnell'
By Kevin Spak, Newser User
Posted Jan 12, 2012 7:01 AM CST
Warren Buffett is challenging Republicans to donate additional taxes.   (AP Photo/Shuji Kajiyama)

(Newser) – Warren Buffett's ready to donate money to pay down the national debt—provided Republicans lawmakers do so first. When Buffett called for higher taxes on the rich last year, Mitch McConnell and many other Republicans told him to "send in a check," and John Thune even introduced the "Buffett Rule Act," adding a tax form option to donate. Now, Buffett tells Time that if any Republican members of Congress donate, he'll match them 1-for-1. "I'll even go 3 for 1 for McConnell."

"It's kind of touching this faith [McConnell] has in the American public," to believe voluntary contributions could close the deficit, Buffett added. "That is a tax policy only a Republican can come up with." Of course, Buffett doesn't actually think McConnell, who is worth at least $10 million, will cough up anything—and indeed, McConnell's office released a statement implying as much, saying Buffett should match contributions "from those who actually want to pay higher taxes, including Congressional Democrats, the President, and the DNC."

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Buffett Dares GOP to Donate More Taxes is...
Show results without voting
You Might Like
Showing 3 of 64 comments
Jan 16, 2012 1:02 PM CST
It won't cost Buffet anything, even if he sends the check. He has made so much money with his special and sweetheart deals that you and I would be sent to jail if we tried them. Send your Check Mr. Buffet!! One more thing Warren, pay the millions and millions of dollars of back taxes one you companies owes first.
Jan 13, 2012 11:03 AM CST
Safe to say this one won't cost Buffet one red cent.
Jan 12, 2012 3:05 PM CST
Buffett is calling in McConnell's bluff. Notice how many will "send in a check". Their stance is still to push off their share of the solution onto those who can least afford instead of the ones who help cause the economy crash and insist that the job creators will trickle down the wealth and cut spending. More like drip from a tap that has been turned off. Yes we do need to reduce spending, but increase revenue would also help. Approaching the debt from both ends would only speed up the recovery, which the GOP seems to not be interested in doing unless they get something out of it like more wealth or power. And who said this increase in taxes would last forever. If we cut spending and increase taxes eventually we will hit a point where one of those could be reversed meanwhile it is a gradual reduction in debt and not one group is harshly hit by the effects.