Tax Break Included in “Fiscal Cliff” Bill Will Benefit Warren Buffett

“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.  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.'”

http://www.economicpolicyjournal.com/2013/01/tax-break-included-in-fiscal-cliff-bill.html

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