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Posts Tagged ‘Obama keeps repeating lie about Warren Buffett and taxes

King Obama still sandbagging building the Keystone oil pipeline

February 2, 2013

WASHINGTON, Jan 31 (Reuters) – The Obama administration’s decision on the Keystone XL oil pipeline will not be made until at least June, a U.S. official said, which would delay the project for months and frustrate backers of Canada’s oil sands.

Buffett The Pipeline Slayer

January 28, 2012

The primary flaw in Buffett’s federal income tax rate “comparison” is that he includes in it Social Security taxes (including Social Security taxes paid by both employee and employer) and federal income taxes. Social Security taxes and federal income taxes are two totally different taxing mechanisms, in place for totally different societal purposes. To combine them into one “federal tax rate” is an analytical sleight of hand that cannot withstand the bright light of logical and knowledge-based scrutiny/

As gratified as I am to see this important story growing legs among other national media, I think it is very important to add one essential element to the discussion — one that has been overlooked by other journalists covering this subject. Warren Buffett is not simply a “right-place-right-time” beneficiary of a happy circumstance that could conceivably multiply his wealth dramatically. He’s not just another captain of industry trading on unfettered access to the president of the United States. I believe that he has orchestrated the whole darned thing.