OMAHA, Neb. (AP) – Billionaire Warren Buffett says it’s Congress’ fault that he and Republican presidential candidate Mitt Romney both pay much lower tax rates than middle-class workers pay.
Buffett talked to Bloomberg Television Monday after meeting with a Republican congressman who took him up on his offer to match any contributions to reduce the national debt. Virginia Rep. Scott Rigell met with Buffett over breakfast.
Buffett has argued for several years tax law should change, so people like him who make their money from investments pay a fair rate. Buffett says his tax rate was about 17 percent in 2010.
Romney has estimated his tax rate was around 15 percent. Buffett, who is a Democrat, says Romney shouldn’t be criticized for paying what’s required, but the law should be changed.