Rubio: "We have always wanted Warren Buffett to, instead of putting that money in a coffee can, to take his money and invest it because that created jobs."
Apr 11 2012
Senator Marco Rubio
April 10, 2012
CBS 4’s Jim DeFede: “Why do you oppose this? Why shouldn’t wealthier Americans pay more?”
Senator Marco Rubio: “They do pay more—and that’s one of the fundamental misleading things the President is saying. The number one issue for America is we have to grow our economy and create jobs. Somehow the perception is being created that if your paycheck is a million a year you pay less in taxes. That is not true. What the President is talking about when he talks about the ‘Buffett Rule’ is investment income.”
DeFede: “Rubio acknowledged the President’s proposal has wide public appeal.”
Rubio: “I understand the polls. I can read a poll just like Barack Obama can. I understand that people look at it and say, ‘Yeah, how come Warren Buffett pays less than his secretary?’ What they need to understand is the reason why he may pay less than his secretary in terms of the rate is that she makes her money on a paycheck and he makes his money on investments. We have always wanted Warren Buffett to, instead of putting that money in a coffee can, to take his money and invest it because that created jobs.”