Monday, May 7, 2012

Buffett Defends His Tax View


Warren Buffett defended his proposal to raise taxes on high earners, saying at Berkshire Hathaway Inc.'s BRKB +1.24% annual meeting that those with large incomes should pay more in the name of fairness.

The billionaire investor also said the cash-rich company recently came close to landing a mega-acquisition. He fielded a host of questions about how Berkshire might boost its shares, which have largely sat out the stock rally of the past two years…


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