Veto threats, a massive tax hike, phantom savings, and punting on entitlement reform is not a recipe for economic or job growth—or even meaningful deficit reduction. The good news is that the Joint Committee is taking this issue far more seriously than the White House.McConnell was a guest on Meet the Press yesterday morning, and he had this to about Warren Buffet's guilty conscience.
Well, look, you know, if Warren Buffett would like to give up some of his benefits, we'd be happy to talk about it. I mean, I think that means-testing benefits is one of the ways that we're going to have to solve at least the Social Security and Medicare problems long-term for the next generations. With regard to his tax rate, if he's feeling guilty about it, I think he should send in a check.
The Treasury Department maintains a conscience fund that will welcome Buffet's check.
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