Tax Break Included in "Fiscal Cliff" Bill Will Benefit Warren Buffettby Robert Wenzel
Jan. 03, 2013
1.Trump: Muslim Migration "Destroying Europe, I'm Not Gonna Let That Happen to The U.S."
2.Trump Trolls Paul Ryan For Saying He's "Not Ready" to Endorse
3.Rob Reiner Embarks On "Trump & His Supporters are Racist" National TV Tour
4.Evil Sexist Chris Matthews Caught Checking Out Melania Trump On Hot Mic
5.Swedish Girl Shows Idiocy of Trans-Everythingism
6.Poll: 57% of Americans Support Trump's 'America First' Foreign Policy
7.'Islam Does Not Belong in Germany': 60% Agree With AfD
8.Japanese Girl Shares Her Perspective On "White Guilt"
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