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Eric Cantor Promotes Video Falsely Implying Warren Buffett Doesn’t Support ‘Buffet Rule’

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» 71 comments

On his YouTube channel, and in a tweet from communications director Brad Dayspring, Rep. Eric Cantor (R-VA) is pushing a CNBC clip that he claims shows that “Warren Buffet Seems To Disagree With President Obama’s ‘Buffet (sic) Rule’,” and that he “refuses to endorse the President’s Jobs Bill.”

Unfortunately for Cantor, there’s no “there” there, as Buffett tells Andrew Ross Sorkin that he hasn’t seen all of the details of the President’s plan, so he doesn’t really know if he agrees with all of it. Stop the presses!

Buffett has become a populist poster boy for his suggestion that very wealthy individuals should pay their fair share of taxes, and as he tells Ross Sorkin, gave his permission for the Obama administration to use his name for their so-called “Buffett Rule” (not to be confused with the “buffet rule” that Cantor seems to refer to, which is “Don’t sneeze on the food, and no double-dipping”).

Gene Sperling called and said, ‘Can we use your name,’ and I said yes,” Buffett tells Ross Sorkin.

Asked whether he’s happy with the way it’s being used, Buffett said, “I don’t know what their program will be. My program would be on the very high incomes that are taxed very low.”

Ross Sorkin asked, “Does that mean that you disagree with the President’s new jobs proposal, which would be paid for by raising taxes on households with incomes of over $250,000?”

“That’s another program that I won’t be discussing,” adding later that “I will look at the overall plan that gets submitted to Congress…and decide, net, do I like it, or do I not like it? There’s no question there’ll be parts I disagree with.”

Buffett’s “refusal” to endorse the plan is clearly based on the fact that he doesn’t know the whole plan. “Are you a supporter of his jobs program right now?” Ross Sorkin asks, to which Buffett replies, “I am a supporter of the action he’s trying to get the Congress to join him in taking…I haven’t looked at all of the details.”

Characterizing Buffett’s very supportive statements as a “refusal to endorse,” then, is about as fair as saying, “Eric Cantor Opposes Reading Bills Before Deciding On Them!”

Here’s the clip, from CNBC:


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  • Michelle

    Disagrees with Obama who set the tax increase to begin at
    $1 million. Said he wasn’t talking that low, he advocated over well
    over $50 million per year.Refused to comment on Obama’s other plan to increase taxes on Americans and small businesses making more than $250,000.Won’t endorse American Jobs Act.

  • http://www.facebook.com/people/Ryan-Gustafson/13904322 Ryan Gustafson

    Right, Tommy…. “clearly”

    He “clearly” said his suggestion on taxes was only for investors.

    Such an unbelievable tool.

  • SXSX55

    Saying that Eric Cantor is a liar is not ‘new’ news. It has been a well established fact.

  • http://www.scoamf.com/2011/08/hitler-realizes-obama-is-stuttering.html Unicon

    Was it just me.. or did it look like Warren was about to run of the trading floor during that interview?

  • Concerned Citizen

    Shouldnt Buffet know what the plan is all about before the administration attaching his name to it? Sounds a lot like Obamacare where you have to pass the bill before anyone will know whats in it.

  • Anonymous

    spin up the tommy drive!!!! we are running low on water!!

  • Anonymous

    Tommy,

    You should spend some time writing about incompetence. WH advocates a supposed “Buffet Rule”. So much as to call and ask Mr. Buffet if WH can attach his name to the rule/bill.

    Pres. Obama spoke how many weeks ago to a joint session of Congress? Where you advocated the ‘urgency’ that Pres. Obama be ‘allowed’ to speak to joint session and without a day delay. 

    You labeled it a “National Crisis”.

    The incompetence? Buffet doesn’t know the exact bill/details the WH applied his name to. The WH seems to have an outline for a bill that they apply through speeches with the Buffet name to? Buffet doesn’t know, WH doesn’t have legislative details.

    Who’s on first?

    Urgency, Attaching a billionaires name for marketing / description purposes weeks ago, but even you cite Buffet hasn’t seen all the details.

    National Crisis, Urgency??? Weeks later, that’s incompetence. WH can’t even coordinate this simple approach properly without confusion among the principles or as you claim ‘without knowing all the details’.

    Meanwhile unemployment around 9% conservatively and WH and Buffet are still trying to coordinate details. Incompetence!!!

  • Anonymous

    I am still trying to figure out the math they use to make $1 million out of $250K and $1 billion out of $1 million.

  • Anonymous

    Wait really?  Tommy, at least try to be honest.

    Somehow this is mysteriously left out from your story….

    “I don’t know what their program will be,” Buffett said. “My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball — his taxes won’t change. Make $50 million a year appearing on television, his income won’t change. But if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay.”Read more: http://dailycaller.com/2011/09/30/buffett-doesnt-agree-with-obama-or-himself-on-buffett-rule/#ixzz1ZSLFjv80

  • Anonymous

    All I want to know is when will Mediaite hire a RIGHT wingnut to counter Tommy?

  • Michelle

    Tommy,
    How about a piece on how Obama can’t even get the Dems on board with his plan?

  • Anonymous

    Liberals always omit key facts when they try to create their dishonest memes.
    The motivation for scribbling this nonsense was to A), brand an Obama critic, Cantor, a liar and B), Shield Obama’s “Buffet Rule”, which evidently Buffett knows nothing about.

  • Anonymous

    Eric Cantor Promotes Video Falsely Implying Warren Buffett Doesn’t Support ‘Buffet Rule’

    Tommy?  Ohhh Tommy?  How do you know Buffet supports dangerous tax hikes?

  • Anonymous

    Here is another gem Tommy left out…

    “My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million.”

  • Anonymous

    You know that by saying that, you are really asking for an article about how the Dems LOVE Obama’s “Pass this bill now” bill, but teabaggers are forcing them to vote against it.

  • Anonymous

    Buffett comes off as a senile old man who lends out his name, but doesn’t have a friggin clue about the contents of the product his name endorses. And Obama comes off as someone who is taking advantage of an obviously bewildered old man.

  • http://twitter.com/runforfun54 Ilene K

    More GOPLIES!!!!!

  • http://twitter.com/runforfun54 Ilene K

    Personally, I think Tommy should spend more time writing about the hypocrisy of the Baggers.  You claim to be pro-life but that seems to stop when the child is born. And you claim to be pro-military, but that seems to end when the troops come home.

     List of VETERANS BILLS currently being blocked byGOPHere is a list of the veteran bills being blocked by the GOP in the House,PLEASE share liberally! H.R.26 – Veterans Mental Health Screening and Assessment Act H.R.28 – Veterans Outreach Improvement Act of 2011 H.R.79 – Dependent Care Act of 2011- To amend title 38, United States Code, toprovide certain abused dependents of veterans with health care H.R.117 – Housing, Employment, and Living Programs for Veterans Act of 2011-Toamend title 38, United States Code, to make certain improvements in the lawsadministered by the Secretary of Veterans Affairs, and for other purpose 01/04/11 H.R.136 – To amend the Internal Revenue Code of 1986 to allow taxpayers todesignate a portion of their income tax payment to provide assistance to homelessveterans, and for other purposes. 01/04/11 H.R.237 – To amend the Homeowners Assistance Program of the Department of Defense to give the Secretary of Defense flexibility regarding setting thecommencement date for homeowner assistance for members of the Armed Forcespermanently reassigned during the mortgage crisis. H.R.284 – Veterans, Women, Families with Children, and Persons With DisabilitiesHousing Fairness Act of 2011-To authorize funds to prevent housing discriminationthrough the use of nationwide testing, to increase funds for the Fair HousingInitiatives Program, and for other purposes. (01-11-11) H.R.287 – Homes for Heroes Act of 2011-To provide housing assistance for very low-income veterans. (01-11-11

  • http://twitter.com/runforfun54 Ilene K

    I’m still trying to figure out the hypocrisy of the Tea Party.

  • Anonymous

    Tommy, the video doesn’t “falsely” imply anything.  Buffett declined to endorse the plan that bears his name. For the purposes of your story (i.e. that lying liar Eric Cantor twisted Buffett’s words), WHY Buffett declined to endorse it doesn’t matter.  The fact is he declined to endorse it.  On camera.  The only thing “false” here is your misleading headline and the angle of your story.

  • Raynemaeker

    If he thinks the govt is using tax money wisely why doesn’t he donate his billions to the govt instead of giving it to Bill Gates charities???

  • fanofgrendel

    Tommy comes off very badly on this one. Acctually he may be drunk?

  • Anonymous

    Gee Ilene, that was without a doubt one of the lamest comebacks ever. As a Liberal please explain why your group keeps calling them millionaires and billionaires when in actuality it is targeting people making only $250K and grouping in millionaires with billionaires as if they are the same.

  • Anonymous

    Fun Fact:  84% of $2.5 Billion of the Bill and Melinda Gates Foundation are spent overseas for “advocacy”. Imagine if the 84% was spent within the US to help the poverty-stricken.

  • Anonymous

    I didn’t claim to be pro-life. Can’t you read? Guess much? You show incompetence in making assumptions. Go write this on a post about military affairs. I’ll back you up.

    Until then, I’ll stick to the subject on this post.

    Incompetence! 

  • http://www.steinbergblog.com Larry Steinberg

    The devil is always in the details. Somebody ask Buffett if he would accept a net worth tax and watch as he really runs from answering the question. It is easy to advocate higher taxes when you know you have a team of people working so you won’t have to pay them. Buffett is fighting the IRS over a billion dollar in taxes of Berkshire Hathaway right now. That alone shows he is full of it.

  • Michelle

    Um, those were Buffet’s quotes. 

  • Johnny Manana

    Gee here is something new, TomTom getting bitch slapped for spinning and carrying water for Obama.

  • Pablo

    Billionaire investment guru Warren Buffett, who has become the face of President Obama’s $447 billion jobs-creation legislation, indicated Friday he did not agree with the president’s proposal to raise taxes on millionaires.Buffett said he advocated a tax hike only on what he termed the
    “ultra-rich,” making a distinction between his suggestion and Obama’s proposal to raise taxes on millionaires.
    “It isn’t [my idea] to have the rich pay more taxes. It’s to have the ultra-rich pay more,” he said on Bloomberg Television Friday.

    http://tinyurl.com/4xuaxyq

    Ignorant or lying? You make the call.

  • Pablo

    Let’s just start calling it the “Obama Rule” and move on.

  • http://twitter.com/criticaljane Jane

    Thanks, Tommy.     Excellent and accurate reporting.  

  • Anonymous

    Don’t bother trying to get a logical discussion out of Ilene. She has Tea Party Derangement Syndrome (TPDS).

  • Anonymous

    He’s a pro and lying by omission.

  • http://twitter.com/Good_Lt Good Lt.

    To Ilene K, the definition of “the rich” is “anybody who makes more money than Ilene K.”

    Which is everyone, becuase she has no job.

    Now you know why she hates “the rich.” Because she’s envious and covetous of what “the rich” have gained from their daily labor.

  • http://twitter.com/Good_Lt Good Lt.

    If by “excellent and accurate,” you mean “incorrect and incomplete,” then yes it is “excellent.”

  • Anonymous

    There he goes again! The Terrifying Errant Activist(TEA) party leader, who barks orders at Boehner and Boehner jumps, attempting to short circuit anything the president does! This is the same party that wants to shut down America’s “Social Programs” at the expense of middle class, the economically challenged while protecting the most affluent of America’s top 5%! The billions the Gates Foundation spends over seas in the business of the Gates Foundation and the the Buffett Foundation spends over seas in the business of the Buffett Foundation, while the Social programs are the business of the American Congress, whose stewardship of and towards the people has sunk to an all-time low! Someone call surgery and get Eric Cantor in for his “Rectal Encephalectomy, STAT”

  • Anonymous

    That’s funny to hear coming form a senile old man as yourself!

    Your posts are entertaining at the very least?

    How’s life on the union pension and Social Security treatin’ ya?

    Keep the delusional posts coming Old Man!

  • Anonymous

    It’s funny to watch the Republicans fall over each other to protect the ultra wealthy.  

  • http://twitter.com/verumserum Verum Serum

    The outline of Obama’s jobs plan has been pretty clear for months, i.e.
    raising taxes on those making over $250K. Obama himself said in his
    joint session address that the plan was essentially the same one he’d
    proposed before.

    That Buffett refused to comment or endorse this part of the plan is newsworthy.

  • Anonymous

    I happen to be watching the Fox Business Channel who had the first interview with him this morning.  Buffet made it very clear he distinguishes between people who make their money by having jobs they are paid to perform and people such as himself who make their incomes through investments.  He specifically mentioned large income people such as baseball players and ceos should not be affected while he and perhaps 50,000 (his number) others would be.

  • Anonymous

    You mean the one I already wrote, what, last week? How about that? 

  • Anonymous

    Nothing Buffett said differs from the “Buffett Rule.” And I left nothing out, the entire video is embedded. 

  • Anonymous

    Nothing “”left out.” The entire video is there. Nothing Buffett said conflicts with the “Buffet Rule.”

  • Anonymous

    This site has become a caricature of left-wing propaganda journalism. I gotta give you credit, you’re a more hilarious Tommy Boy than Chris Farley ever dreamed of being. You pump out a cavalcade of lies to prop up your failing ideology then scoot along to the next story.  Some people think Mediaite Matters has jumped the socialist shark, but I think it’s getting better and better. I love your desperation. The most purely (and pathetically) entertaining site on the web.

  • Anonymous

    Good job at misleading your audience, Mediaite.  Buffett specifically says he does NOT support raising taxes on those who make a lot of money through normal income.  He doesn’t support it.  He wants capital gains taxes to be raised.  Good job there, believing Media Matters at face value.

  • Anonymous

    The fact is, Tommy, Buffet didn’t say he supported the Buffet rule because he doesn’t know what the Buffet rule will be yet.

    And it was crystal clear, that his idea of a Buffet rule is nothing like Obama’s idea of a Buffet rule based on that interview.

    Therefore, you can’t refute Cantor based on that interview.

    It must suck to be such an obvious Presstitute. How do you sleep at night? Feel like a skank?

  • Anonymous

    Can’t read?

  • Anonymous

    Huuuuh?

    His idea of a Buffet rule sounded nothing like Obama’s.

    How is that not conflicting?

    Do you think everyone is stupid?

  • Anonymous

    Buffet doesn’t know what the Buffet rule is!

    Or are you going to argue what the meaning of “is” is?

    I hope the White House leaves you nice tips on your nightstand.

  • Anonymous

    Got nothin, huh?

  • Anonymous

    Tommy is just being a blatantly dishonest Presstitute.

  • Anonymous

    Not only does he “got nothin”, but his stalking comments are incorrect also, and I will never correct him either because the last thing you want to do is give a deranged stalker any personal information.

  • edisciple

    Hmm, you left out conveniently that Buffett (paraphrase) also said that 50,000 Americans out of 300 millions should pay their fair taxes which anyone with half a brain knows it’s not 50,000 only 250K earners in America. He also said athletes making $50 million a year should pay the same tax which begs the question. Who are the 50,000 if you minus athletes? Could he mean 8 to zillion figure earners like himself be put under the “Buffett Rule?” Come on Mediaite, we could read between the lines. Buffett just couldn’t back track & couldn’t endorse Obama job-killing plan. I’ll bet his secretary makes 250K a year!

  • Anonymous

    Yeah spin up the Tommy drive Huh! Let’s totally disregard the Cantor spun out of control drive! Why in the world would we make an issue of an honest Republican. We know we never lie or fabricate! I know let’s blame Tommy because we Republicans always blame the messenger because their liberals!!

  • Anonymous

    I listened the Buffet interview….he specifically said that he did NOT fully the jobs bill of Obama…whether the recorder went that long or it was edited, I heard him!

  • Anonymous

    What you claim as incompetence sounds more like your dissatisfaction
    for the lack of instant gratification! That they don’t conform to your schedule
    or sense of priority doesn’t make them incompetent! A “National
    Crisis” will not be resolved overnight especially when either party
    continues to obstruct the other to our collective detriment.

  • troy l bowen

    you are so ignorant that’s why can not read

  • troy l bowen

    wow really are from Mars?

  • Anonymous

    Also sounds like neither is cast in concrete!

  • L_Salazar

    If you watched the video….then
    You have just witnessed a new dance called the “Buffet Schuffel!”

  • Anonymous

    Tommy.
    How about a piece on the fact that no one can agree collectively on anything to move forward!

  • Anonymous

    Clearly he commented on the fact that he was not prepared to endorse it because he is not completely familiar with the whole plan.

  • NDanielson

    Awwwwwww, dang it, Tommy! Warren Buffett declines to endorse Buffett Rule. LOLLOLLOLLOLLOLO f’n,L.

    “Are you happy with the way it is being described? Is the program that
    the White House has presented … your program?” the CNBC anchor asks in
    the video.
    Buffett replies in classic evasive fashion: “Well, the precise
    program which will — I don’t know what their program will be. My program
    would be on the very high incomes that are taxed very low. Not just
    high incomes. Somebody making $50 million a year playing baseball, his
    taxes won’t change. Make $50 million a year appearing on television, his
    income won’t change. But, if they make a lot of money and pay a very
    low tax rate, like me, it would be changed by a minimum tax that would
    only bring them up to what other people pay.”

    And when the anchor presses him, asking if he approves of the
    president’s plan to raise taxes on all households earning $250,000 or
    more, Buffett still refuses to give a straight answer.

    “That’s another program that I won’t be discussing. My program is to
    have a tax on ultra-rich people who pay very low tax rates. Not just all
    rich people. It would probably apply to 50,000 people in a population
    of 300 million.”

    To be sure, declining to support the president’s specific proposals —
    or clarifying the specifics of his own — doesn’t mean Buffett backed
    off the principle that prompted the president’s Buffett Rule in the
    first place. Liberals have been quick to point that out. And in a CNN interview earlier today, Buffett reiterated that his “class” has it easy, tax-wise.

    But his oblique answers to the CNBC anchor reveal Buffett understands
    what too many proponents of “taxing the rich” don’t: Taxes on income
    and taxes on investment are two different matters. Buffett isn’t
    necessarily advocating for the same kind of increased income taxes the
    president wants, but he’s still advocating for punitive tax increases
    that might do harm to the business climate. In case either he or Obama
    care to know, Paul Ryan has proposed a better way to do tax reform.

    In general, Buffett has little leg to stand on: Not only has he proved himself to be fundamentally unserious about wanting to pay more taxes himself (kinda like those money-grubbing Patriotic Millionaires),
    but the catchy line he loaned to Obama — that secretaries are paying
    more in taxes than their bosses — has been struck through by the facts.
    Buffett’s not shilling for Obama’s jobs plan, at least — but, having
    comfortably already made his billions, he’s still being disingenuous
    about the way businesses and individuals respond to tax incentives.

    H/T Hotair…http://hotair.com/archives/2011/09/30/video-warren-buffett-declines-to-support-the-buffett-rule/

    There must be kool-aid in all that water you’re carrying, right?

  • http://profiles.yahoo.com/u/D7SM25L672V2BCGDVP3KM4AI2Q paulo m

    Ummm… Those aren’t quotes, Michelle unless you think Buffett non-sensically said things about himself in the third person.

    You guys are just all too gullible and eager to exaggerate the degree of disagreement in Buffett’s responses.

  • Anonymous

    Buffet is just a decent man. The president has a habit of putting people on the spot like that..

    i think it was the CEO of Caterpillar that the president embarrassed in 2009 by claiming he was going to add to the company’s workforce when that wasn’t the case…

    who knows if Paul Volker wasn’t also embarrassed into giving his name to the Volker rule which was given the usual Obama-trademarked treatment of half baking it here and watering it down there

  • Anonymous

    Tommy also supports the assassination of american citizens without trail, like Alawki, but he doesn’t support water boarding non-citizens to get information to protect and defend the US or that leads to the kill/capture of OBL..

    Go figure.

    Obama’s DOJ approves assassinations while prosecuting CIA agents for water boarding.  Buffet probably supports that too or maybe not.  But Buffet clearly doesn’t support the jobs bill, even if Tommy is telling us that he really does support it maybe, possibly, if he fully understood it or something.

    Yikes.

  • Yukon Jack

    This fat and overweight old bastard is still to show the copy of check he wrote for the Federal Government or to ANY organization that is to do any good for mankind.

  • Chris

    Buffet agreed to let his name be used – but he doesn’t know the details of what BO is calling the Buffet tax.  Okay – wrong for Cantor to use this as an “anti-endorsement” but okay for anyone who wants to use it as an example of stupidity.

  • Bob

    I’m shocked…shocked to discover that Egon Cantor is a liar.

  • Anonymous

    Your comment is mostly off topic and I seriously doubt you know exactly what Mr. Christopher believes.  In other words, unless you can supply the proof for your accusation of what Mr. Christopher believes, which you didn’t, you have not right to speak for him or decide what he believes.  Your comment about the the two “Americans” enemy combtants who were killed on the battlefield, and who were trying to committ mass murder of innocent Americans, doesn’t draw much concern for most people except for FOX, who is only trying to make it an issue out of it to find fault with Obama.  It’s also obvious they didn’t get much reaction from most people and I doubt they will repeat the accusation much out of fear of losing anymore of their audiance.  Next time you make a comment make sure it’s on topic and not repeating the fear mongering  you heard on FOX.  BTW, your still embarrassing me by using “Tampa” as part of your online name. 

  • http://pulse.yahoo.com/_B5344MYI6BXUL36ADKK3JBTPJA GJPinks

    Why doesn’t Buffett pay the taxes he already owes?

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