Warren Buffett Has a Few Issues with Obama's 'Buffett Rule'

In a CNBC interview, the billionaire says he'd only raise taxes on the 50,000 richest people

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In a CNBC interview with Andrew Ross Sorkin on Friday morning, Warren Buffett seemed to say that he didn't necessarily endorse every single thing that the Obama administration chose to label under the "Buffett Rule" (named after the billionaire's "Stop Coddling the Super-Rich" op-ed). Stop the presses. As Business Insider noticed, the Republican National Committee seized on Buffett's remarks as evidence that he disagrees with Obama. The relevant response comes from this exchange, via BI, and starting a bit earlier at 4:07 in the video below (a longer transcript is here):

ARS: Does that mean you disagree with Obama's new jobs proposal which will be paid for by raising taxes on taxes on houses with incomes over $250,000?

Buffett: "No - that's another program that I won't be discussing. My program is to have a tax on ulta rich people who are paying very low tax rates, not just all the rich people, and it would probably apply to 50,000 people.

ARS: That means you disagree with the president? (ARS gets really excited about this.)

Buffett: "No no, you may disagree, but ... I will look at the overall plan that gets submitted to Congress, which they are voting on, and decide net, do I like it, or do I not like it.

"And there's no question there will be parts I disagree with," he said. 

So, sure, Buffett appears to not be in universal agreement with the White House. And, yes, as TPM's Brian Beutler wrote, "Ideally, if you've gotten permission from Warren Buffett to use his name to describe your tax plan, you want him to be affirmatively on board with all of it." But there doesn't seem to be an abrupt shift in Buffett's positions among the comments, as ThinkProgress points out emphatically.

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