OMAHA, NEB. - Billionaire Warren Buffett is again calling for higher taxes on the "ultrarich," and he's urging Congress to compromise on spending cuts and tax increases.
Buffett expressed his views on fiscal policy Monday in an opinion article that appeared in the New York Times on the same day that Congress returned from the Thanksgiving holiday.
In the article, Buffett mocked the idea that investors would pull back if capital-gains taxes increase. Buffett said that he's never seen that happen, even when capital-gains taxes rose above 25 percent early in his investing career.