Tags: Economic- Crisis | Republicans | Buffett | tax | returns

Republicans to Buffett: Show Us Your Tax Returns

By Dan Weil   |   Friday, 23 Sep 2011 11:50 AM

Some Republicans in Congress are frustrated with the insertion of legendary billionaire investor Warren Buffett into the debate about raising taxes on the wealthy. So they want him to release his own tax returns, The Hill reports.
 
Buffett has repeatedly called for a tax increase on the wealthy in recent months, complaining that his own taxes are too low. President Barack Obama proposed a tax hike on the wealthy again Monday, calling it the “Buffett rule.”
 
Republicans are responding with vigor.
 
“Will Warren Buffett release his tax returns so we can see why he should be the standard for tax policy?” Sen. John Cornyn, R-Texas, questioned on Twitter Thursday.
 
Freshman Rep. Tim Huelskamp, R-Kan., sent an open letter to Buffett asking for his tax filings.
 
“Given the use of your name and your story as the guiding force for the president’s policy prescription, it is my hope that the evidence to justify such a change in policy will soon be available for public review,” Huelskamp wrote.

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