Buffett Talks Tax Hike, Mega-Deal That Wasn't
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BUSINESSMay 6, 2012, 1:46 p.m. ET.Buffett Talks Tax Hike, Mega-Deal That Wasn't .
COLIN BARR AND ERIK HOLM OMAHA, Neb.—Warren
Buffett defended his proposal to raise taxes on high earners, saying at Berkshire Hathaway Inc.'s annual meeting that those with large incomes should pay more in the name of fairness.
The billionaire investor also said the cash-rich company recently came close to landing a mega-acquisition. He fielded a host of questions about how Berkshire might boost its shares, which have largely sat out the stock rally of the past two years.
Saturday's meeting was the first appearance before shareholders by Mr. Buffett, the company's chief executive, since the 81-year-old said last month he has ...
COLIN BARR AND ERIK HOLM
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