Pressed by House Republicans and the Wall Street Journal editorial board to release a copy of his tax returns to justify the so-called “Buffett tax,” the Oracle of Omaha said he would comply if News Corp CEO Rupert Murdoch did the same.
“I think it might be a terrific idea if they would just ask their boss, Rupert Murdoch, and he and I will meet at Fortune, and we’ll both give you our tax returns and you can publish them,” Buffett told Fortune’s Carol Loomis at the Fortune Most Powerful Women conference.
“I’m ready tomorrow morning,” he said.
In a New York Times column, Buffett asked Congress to raise his taxes, saying he paid a higher effective tax rate than his secretary. President Barack Obama then included the tax — which would make certain that those with incomes over $1 million pay the same effective tax rate as the average middle class family — in his deficit reduction plan.
Buffett has become a campaign surrogate of Obama’s, most recently hosting a fundraiser for the President in New York.
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