The revered investor and the rock star played “The Glory of Love” by Billy Hill Tuesday at a private discussion of philanthropy Forbes magazine sponsored.
The so-called “Buffett rule” tax bill heads before the U.S. Senate today and Connecticut U.S. Sen. Richard Blumenthal is behind it, even though he admits he knows it is unlikely to pass.
Warren Buffett may be known as the “Wizard of Omaha,” but New Jersey Gov. Chris Christie sees no magic in Buffett’s call for tax hikes for the wealthy.
The Dow Jones industrial average fell 170.89 points, or 1.5 percent, to close at 11,149.82. It had been up 85 points shortly after the opening bell.
Buffett says he and his friends have been coddled long enough by Congress and that it’s time for the government to get serious about shared sacrifice.
Forty wealthy families and individuals have joined Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett in a pledge to give at least half their wealth to charity.