Warren Buffett to give stamp of approval to Hillary Clinton. [View all]
Source: Las Vegas Sun
When billionaire investor Warren Buffett joins a rally Wednesday with Hillary Clinton in Omaha, Nebraska, a question humming in the background will be whether Buffett, one of the world's premier investors, will throw more of his fortune behind her candidacy than he's been comfortable spending in politics in the past. In either case, his public appearance with Clinton is aimed at offering his stamp of approval to the Democrat's economic message of inclusive capitalism and toughness against Wall Street excess. He will also join Clinton at a private fundraiser.
With Buffett by her side, Clinton planned to offer her support for the so-called "Buffett rule" pushed by the Obama administration, which has sought higher taxes on the wealthy, but would say the next administration must go even further to ensure the wealthiest Americans pay their fair share, said a Clinton aide who spoke on condition of anonymity to preview her remarks. The aide said Clinton would announce more steps next year to build upon the Buffett rule and ensure the effective tax rate paid by millionaires reflects a fair tax system.
Democrats say Buffett carries a rare dual appeal on Wall Street and Main Street. The investment guru's annual shareholder meeting is dubbed "Woodstock for Capitalists" and drew an overflow crowd of more than 40,000 people from around the globe in the spring.
The "Oracle of Omaha" has referred to Clinton as a "hero of mine" and predicted last year that she would succeed President Barack Obama, whom he also supported. "I will bet money on it," he said. "And I don't do that easily."
Read more: http://lasvegassun.com/news/2015/dec/16/famed-investor-warren-buffett-to-give-stamp-of-app/
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