Buffett gives billions, hits bid to repeal the estate tax
I thought this Boston Globe article was interesting in that it tied Warren Buffett's history-making charitable gift (see here) to the current debate on estate tax repeal. Here are a few excerpts from the Boston Globe article:
Asked about recent efforts to repeal the estate tax, Buffett said he would ``hate to see the estate tax gutted." Thursday, the House voted 269-156 to abolish the tax for all but the wealthiest Americans; the Senate is to take up the issue this week.
``I can't think of anything that's more counter to a democracy that dynastic wealth," he said. ``The idea that you win the lottery the moment you're born: It just strikes me as outrageous." Buffett, along with Bill Gates's father, William H. Gates, a Seattle-based lawyer, have been among some of the most outspoken -- and well-heeled -- critics of repealing the estate tax.
