Buffett’s secretary to join Obama
“Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett,” President Obama said in September, when he unveiled his American Jobs Act proposal. It’s a trope that Buffett himself has repeated, as he has campaigned for higher taxes on investment income.”
A dishonest argument. Money that is taxed at capital gains rates has first been taxes at normal progressive tax rates, then reinvested. You want to encourage investments in the economy. It’s an apples and oranges comparison.