Warren Buffett is assaulting the Republican Party’s plans to repeal and replace ObamaCare, claiming bills in the House and Senate would give tax breaks to the rich.
Enactment went by the House, he stated, ought to be called “Relief for the Rich Act.”
Buffett, one of the wealthiest men in the nation, guaranteed his duty bill would have been lessened by $679,999, or 17 percent, from the House charge.
“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. You could entitle this, you know, Relief for the Rich Act or something,” he said in a meeting with PBS.
Buffett made the remarks are an inquiry concerning the GOP plan to get rid of an ObamaCare surcharge on people earning a higher income. Buffett also suggested that the bill would give many lawmakers a tax cut.
The annual salaries for lawmakers are much lower, he noted, at around $174,000 a year.
“But most of them have — if you look at the disclosures, they have substantial other income,” he said.
“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 — if they voted for this.”
The Senate on Tuesday chose to defer action on their draft healthcare bill until after the July 4 recess following criticism from conservatives and centrists in the conference.