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Rep. Tim Huelskamp, (R-Kan.), on calls for Warren Buffett to prove he pays a lower tax rate than his secretary by providing his tax returns.
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Warren -- secretary should pay a higher tax rate than Warren Buffett.
A teacher or nerves are construction worker maybe make -- the 2000 -- of the year.
Should pay higher tax rates and somebody making fifty million that's just common sense.
Well he's was it ever -- get to still furious about it now mad at the guy inspiring -- the president still selling that.
Millionaire's tax called the buffet rule Warren Buffett famously saying to be spent up.
Higher tax rate and as secretary will to do this -- secretary.
Makes 28 billion dollars a year.
Let's see -- cats and open it anyway my next guest says prove it and provide your tax returns to show that you're paying this.
Bob republic against congressman.
Stimulus Kemp joins.
And congressmen did they just.
-- Buffett's remarks is that since He pays the bulk of his taxes and capital gains.
And the capital gains rate is a 15%.
-- is about the lowest of all the rates that's where you get.
So that figure -- -- Well I'm saying if we're going to rest shape an entire nations.
Tax policy based on.
One man's claim must show us the proof you know if mr.
Buffett came before -- Budget Committee we'd expect them do a show us the information.
Under oath and that's reasonable expectation for gonna.
Change your entire nation's tax policy based on his claim.
But we already know the gist of its -- right congress and I guess he's artists.
-- -- -- Fullest -- to try to make this public argument and and that tax returns -- the opposite but you're probably quite right to say you know so mean to -- but.
If He is making the bulk of it is as incoming capital gains and that's needs these data doesn't accept this -- And and so whatever is getting is based on the performance of the that the investment in the markets.
Then.
Raise the capital gains rate.
What do you say.
What.
Well I think it's misleading most American people don't get at that in comes have been tax before.
And ends and show us the proof and one thing I think that shows is the proof is that.
Mr.
mr.
Buffett and -- given as money has He voluntarily could you give us my the federal government He puts his money and in charities that federal government doesn't control.
He -- -- thirty billion dollars to a foundation -- pledged to do that.
If you is really about more money in Washington He -- given that money there to the IRS rather than the foundation.
You ran when he's a good business that He knows that given the money to bill and Melinda Gates in their charitable foundation you've got a lot more -- angry about and given the government you're quite right about that.
But I wondered whether there's something else going on here -- He just wants to -- rich people out is that what this is all about.
Well it certainly could be it's everybody understands I think that He could write a check out tomorrow.
For the entirety of this year's income or whatever amounts and that would go directly to deficit reduction but I think it's more about politics it's more about the president's reelection efforts.
He's decided to attack a few AM and gain the votes of many and that's a strategy -- have been used many times in the past.
Go after a small population in this time have to be folks that.
If you ask categories in a prison for a resurrect ladies today I'd like to see it cents.
Well I'd like to see a man again and only a few years are Giacomo called the project at the -- -- -- offices and said.
Look continued to show me your tax returns I wanna see what you're talking about.
No I haven't asked him by directly we've set out there the indication notice in the unit here again I'll -- -- -- all trade my tax returns for his tax returns and and we'll compare men and that'll make a discussion about tax policy after we see him congress and thank you very much --
