Warren Buffett Slams Republican Health Bill As ‘Relief For The Rich Act’ (Video)
America’s favorite billionaire has come out against the Republican plan to repeal Obamacare.
During an interview with Judy Woodruff on PBS NewsHour, Buffett slammed the bill as a giveaway to the rich.
Buffett, who came armed with his tax return, He even brought his tax return, said “If the bill that passed the House with 217 votes had been in effect this year, I would have saved $679,999, or over 17 percent of my tax bill.”
“There’s nothing ambiguous about that. I will be given a 17 percent tax cut. And the people it’s directed at are couples with $250,000 or more of income,” he added. “I have got friends where it would have saved them as much as—it gets to the $10-million-and-up figure,” Buffett continued.
Buffett continued by saying, “You could entitle this the ‘Relief for the Rich Act.’”
Buffeet, who has advocated for tax increases on the rich for years, also said that members of Congress were giving themselves a tax cut.
“I think members of the Senate and the House get $174,000 a year. But most of them have — if you look at the disclosures, they have substantial other income. If they get to higher than $250,000, as a married couple, or $200,000 as a single person, they have given themselves a big, big tax cut if they voted for this.”
Watch the interview here:
[image via screenshot]
