Tax Break Included in "Fiscal Cliff" Bill Will Benefit Warren Buffettby Robert Wenzel
Jan. 03, 2013
1.The Guardian Says Correcting People On Their Grammar Is Racist
2.Hysterical Bloomberg Columnist: Trump's 'America First' Speech Reminiscent of 'Nazi Era'
3.Student Rep. On Free Speech: "Some People Have More Equal Rights Than Others"
4.Trump Foreign Policy Speech Signals Death of Neocons and Peace With Russia
5."All He Could Say Was 'Sex, Sex, Sex'": Wave of Muslim Migrant Sex Assaults Hits Austria
6.South African Sports Associations 'Too White'
7.Prosecutor: "Many People" Will Riot in Baltimore If White Cop in Freddie Gray Case Is Acquitted
8.Former House Speaker and "Serial Child Molester" Dennis Hastert Sentenced to 15 Months in Prison
Your paycheck will most decidedly go down because the bill that just worked its way through Congress failed to extend the 2% payroll tax break. But it is not the same for friends of Obama.
I already pointed out that Hollywood will get a tax break, but so will Warren Buffett.
Nick Badalamenti emails to point out that the bill has a tax break for railroads in it. ABC reports:
[...] buried in the fine print of the 150-page deal are also some lesser-known New Year’s gifts to some of Washington’s favorite industries[...]In February 2012, Bloomberg reported that in addition to spending billions on core railroad projects:
Warren Buffett’s Berkshire Hathaway Inc. plans to boost [other] capital spending at its railroad.
The railroad’s plan calls for $400 million in terminal, intermodal-expansion and efficiency projects, including on coal routes. The rail serves mines in the Western U.S., including Wyoming’s Powder River Basin, which holds the largest and cheapest U.S. reserves of the power-plant fuel.Badalamenti concludes:
That Buffett sure is a genius, isn't he? It's almost like he made that investment with some form of advance knowledge huh? lol