Buffett is right: Raise taxes on the wealthy
William G. Gale,
Special to CNN
August 15, 2011 7:17 p.m. EDT
STORY HIGHLIGHTS
Warren Buffett urged raising taxes to pay for spending; William Gale says he's right
He says past major budget agreements have included tax hikes, spending cuts
He says taxes on high-income households needs to rise; those in top 1% can afford it
Gale: Not extending Bush tax cuts would raise revenues and reduce deficit
link-
http://www.cnn.com/2011/OPINION/08/15/gale.taxes.deficit/index.html?hpt=hp_t2