Billionaire Buffett to headline Obama fundraisers

AP News
Posted: Sep 21, 2011 5:16 PM
Billionaire Buffett to headline Obama fundraisers

Billionaire investor Warren Buffett will headline a pair of campaign fundraisers for President Barack Obama in the coming weeks.

Obama's re-election campaign says Buffett will help raise money for the president at an event Sept. 30 in New York City. The longtime Obama adviser will also headline an event on Oct. 27 in Obama's Chicago hometown. Obama was not expected to attend either event.

When Obama outlined his recommendations this week for a special congressional committee charged with finding up to $1.5 trillion in deficit cuts, he suggested that a minimum tax be imposed on millionaires. The White House is calling it the "Buffett Rule." Buffett has complained that Congress coddles the wealthy. He also has said it's unfair that his secretary pays higher tax rate than he does.