. >>> and in the "rewrite" tonight, warren buffett's response to the congressman who asked buffett to return. the republican congressman, big surprise, does not outsmart warren buffett. [ male announcer ] in 1894, a small town pharmacist set out to create a different kind of cold remedy using powerful medicine and natural ingredients from around the world. he called it vicks vaporub. today, the vicks journey continues. introducing new vicks nature fusion cold & flu syrup. powerful multi-symptom medicine flavored with natural honey instead of artificial flavors and dyes. so you can feel good about what you take to feel better. or a can of paint... you came together to vote, to share... to volunteer. and now, thanks to you, 10 communities have more to smile about. what's next? tell us on facebook. but they also go beyond banking. we installed a ge fleet monitoring system. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it. not just money, knowledge. it's so much inf

. >>> and in the "rewrite" tonight, warren buffett's response to the congressman who asked buffett toease his tax return. the republican congressman, big surprise, does not outsmart warren buffett. aren't you getti little industrial? okay, there's enough energy right here in america. yeah, over 100 years worth. okay, so you mean you just ignore the environment. actually, it's cleaner. and, it provides jobs. and it helps our economy. okay, i'm listening. [announcer] at conoco phillips we're helping power america's economy with cleaner affordable natural gas... more jobs, less emissions, a good answer for everyone. so, by reducing the impact of production... and protecting our land and water... i might get a job once we graduate. >>> still ahead in this hour, we keep hearing about herman cain's magical 9-9-9 tax plan. did you know it will leave you without social security or medicare? >>> and mitt romney wants to distance himself from president obama's affordable care act, but that's hard to do when his advisers had a dozen meetings at the white house. one of those advisers, jonathan gr

. >>> and in the "rewrite" tonight, warren buffett's response to the congressman who asked buffett to release his tax return. the republican congressman, big surprise, does not outsmart warren buffett. aren't you >>> still ahead in this hour, we keep hearing about herman cain's magical 9-9-9 tax plan. did you know it will leave you without social security or medicare? >>> and mitt romney wants to distance himself from president obama's affordable care act, but that's hard to do when his advisers had a dozen meetings at the white house. one of those advisers, jonathan gruber, will join us to discuss how romney's health care plan became a national model. [ male announcer ] new vicks nature fusion cold & flu syrup. flavored with real honey. powerful cold medicine that leaves out artificial flavors and dyes and instead uses something more natural, honey. new vicks nature fusion cold & ugh my feet are killin' me. well we're here to get you custom orthotic inserts. we can't afford that. yes we can. dr. scholl's custom fit orthotic center. foot care scientists are behind it. you have flat fe

buffett, do that, i'll release my tax returns. warren buffett wrote back and said, i will be delighted to release my tax returns if you can also get some of the wealthiest americans to do the same. so, let's take a listen to what warren told me about why he is saying that. take a listen. >> i'm delighted. i would be delighted to get my return along with the others of the ultrarich and then we can just see exactly why the tax system produces these huge tax inequities that result in me and the ultrarich paying a much higher tax rate than probably you pay, poppy, or for that matter, that the congressman pays. >> also some news he made also yesterday to us, kyra, what he made. you can see it right there on the monitor next to me. $63 million, that's what he brought in in 2010 alone. he paid roughly 17.4% in taxes. his argument here is that he says he is paying less than those in his office and less than americans. i spoke to him in depth yesterday and he also issued this statement. he said, "mr. buffett still refuses to release his ta

and leader warren buffett just released how much you paid in taxes last year and you'll be shocked to hear the number just how many warren buffets are there around the country that are getting by not paying their fair share. you need to know this occupy wall street and the n.y.p.d. have a history of not seeing eye to eye three weeks ago a group of young women were pepper sprayed by a rogue n.y.p.d. officer while they were engaging in peaceful civil disobedience. then two weeks ago seven hundred people were arrested on the brooklyn bridge again while engaging in peaceful civil disobedience then last week another round of pepper spraying and beatings at the hands of the and why the when a group of demonstrators troop tried to peacefully march on wall street and it's looking like another clash could be in the making tomorrow yesterday new york mayor michael bloomberg went to zuccotti park the side of the four week long occupation to tell demonstrators they needed to clear the park by friday so that it could be cleaned he also mentioned that the n.y.p.d. will be helping in this so-called

tim sent a letter to warren buffett saying, all right, your name is on the buffett plan or buffett ruleg that americans have a right to see the evidence behind the buffett plan, which is to raise taxes on the top wealthy americans. warren buffett just responded to that for the first time. he made public what he made last year. $62.9 million and says he paid just over 17% tax on that. what buffett is asking for, brooke, is that he wants to see the ultra rich taxed more and wants the ultra rich to release its tax returns. he says, look, if some of the wealthy americans do this, i will do the same. spoke to him a while ago on the phone. take a listen to part of that conversation. >> you have a number of very wealthy individual friends. have you talked to them, warren, about whether they will release the tax returns? >> well, maybe not the return. maybe the congressman could do that for me. "the wall street journal" su suggested that i do that, too. he's a friend of mine and i'd love to have his return published with mine and people can see what we are paying and whether they really regard

one of the key people involved in all things budgetary, is warren buffett.vealed his income for 2010, $62 million, of which $39 million was taxable income. going to his point, which is he wants to pay more tax, a, is he right, "b," would that help directly with things like your initiatives in education. what do you think? >> think he's wrong. state funding is what drives state education plans and in the great majority. if warren buffett believes he's under taxed he can voluntarily give money to the federal government. there's nothing that stops him from doing that. my fear is we create a society where there aren't going to be anymore warren buffetts. there are 30 in omaha, nebraska that haven't made it but they have the drive to do it. if you make it more difficult for the aspirational people, not worried about warren but the next generation of warren buffetts. i think it is the wrong policy. that's my personal view. >> i happen to agree with warren buffett on the tax. having said that, what the other thing that warren buffett has talked about and where gove

>> i happen to agree with warren buffett on the tax. where governor bush and i come together and agree is the importance of education. there are 30 more potential warren buffetts in omaha and across the country. and as a recent study showed if you cut the dropout rate in half you would save the federal treasury $5 billion a year. the best economic stimulus package in the country is a diploma. in terms of state budgets, state budgets have been stagnant for years. they're going to stay that way for the next several years. we can't continue to do business the same way. i think warren buffett would say i am going to buy the company. but i have to turn it around and introduce the technology that will truly make it productive. >> governor bush, this question has nothing to do with education and i struggle to find any link with it. however, it is an interesting story of the day and you have both been governors. so, i want to ask you this. do you know how many people you both executed? >> i think during eight years, i've probably -- i'm going t

buffett and representative tim hulescamp have been sparring in recent weeks of buffett's call for higheraxes on the wealthy. buffett has said the 17% tax rate he paid on his earnings is too low when compared to the x taxes paid by middle class earnings. >>> you may not have seen this on metro, but fellow riders could see passengers carrying the product of relieving themselves. the dutch railway company has no toilets on the train and has introduced bags for people who feel the urge and need and can't wait for the next stop. the inventor of the bag says once used, within three to five seconds the urine turns into gel. for privacy, commuters can use an area just behind the engineer. i bet the engineer loves that. >>> now, live in hd, this is news 4 today. >>> an amber alert in maryland, how you can help find this boy who has now been missing for two weeks. >> welcome to to news 4 t

what was warren buffett paying? about 17%. so warren buffett pays a 17% tax rate. >> good for him, isn't it? >> we've known this for a while. we knew his taxes. he never disclosed his income. from his taxes you could figure out his income. i know you talked a lot about account tantsz and lawyers and all this stuff. this is not complicated. a $100 from pensacola could have done these taxes. >> i'm sorry, was that a jab? >> are you going after my hometown where are you from yankee boy? >> that's a need-to-know basis. >> willie, that sounded director of my hometown. >> i think it might have been. >> you could take accountant from pennsylvania and herman cain's accountant from cleveland. >> the guy from cleveland who takes pride in the fact he's not an accountant. >> warren buffett takes advantage of 15% capital gains. that's because he pays 17% in taxes. not complicated. very simple. we have a 15% rate compared to 35% rate for dividends and capital gains. >> answer this question because it's been debated for years, goi

the republican lawmaker who had asked buffett to release his full tax return for last year says buffett should still do that. what does he disclose, writes a congressman, may be accurate but it is incomplete, and fails to explain how he shelters millions of dollars in income. >> you have a number of very wealthy individual friends. have you talked to them, warren, about whether they're release tax return? >> i haven't talked to them about releasing their returns. maybe the congressman could do that for me. "the wall street journal" also suggested that i release it. maybe "the wall street journal" can get their boss, rupert murdoch. he's one of the ultrarich like i am. i'd love to have his return published with mine. people can see what we're paying and whether they regard that as the proper system or whether some adjustments in our system should be made. i welcome the congressman's inquiry into this. if he can get these returns released, i think that -- i think a lost congressmen will get educated as to how inequi inequitable the system is. >> warren buffett, not the first time he sugge

next what's best for the country the buffett rule or the romney rule answer may depend on how many zeros you have in your bank account more on this admits a stalin fourteen percent income tax rate. let's not forget that we had an apartheid regime right. i think iraq is even going to well. we never got the book says they're going to keep you safe get ready because you're going to have freedom. welcome back to the big picture i'm sorry harben coming up in this half hour who should pay for job creation in america president obama the rest of the country think it's about time for the richest of the rich to start contributing their fair share so who could possibly disagree with that find out in just a month also what do apes know that we don't play in tides he can science and we learn something new about the federal reserve this week in my daily take i'll tell you what that is and why it leaves ninety nine percent of us screw. president obama faced off with reporters today as he once again urged congress to pass his american jobs act in particular he spoke to republicans who argue that the bil

. >> susie: billionaire investor warren buffett was busy investing in the third quarter. he told me today that he bought $4 billion worth of stocks in the past three months. buffett came here to the new york stock exchange to ring the opening bell with business wire c.e.o. cathy tamraz. they were celebrating the 50th anniversary of the news wire service owned by buffett's berkshire hathaway conglomerate. as buffett mingled on the floor with traders, stocks were falling, but the oracle of omaha told me he's still buying and upbeat about the u.s. economy. >> the economy is doing pretty well. we own 70-plus businesses. we own about five that are associated with home construction. they're flat on their backes, and they're just like they've been for three years now, four years, almost. and so there's been no bounce there. everything else is moving forward. we have businesses that serve heavy industry. they're moving forward. we have consumer business. we have three jewelry chains. we have four furniture operations. their sales are improving. >> kearkts how about you? how is yo

rule because billionaire investor warren buffett says that he pays a lower tax rate than his secretary and he realizes that that is just not right but g.o.p. lawmakers they were outraged they could not believe that obama wanted to tax the rich and make them pay their fair share in taxes so the g.o.p. lined up their talking points and hit the cable news channels with one simple message. i don't think i ever described class warfare it's leadership looks like the president wants to move down the class warfare path class warfare will simply divide this country more and when you pick one area of the economy and say we're going to tax those people because most people are not those people that's class warfare. yes obama is engaging in class warfare because he wants millionaires and billionaires to pay their fair share of taxes now keep in mind over the last few decades with the help of the g.o.p. the richer in the us have been getting richer while the middle and lower classes have all been getting squeezed but tonight a new slash old voice is joining the debate on class warfare this leader th

he called it the buffett rule. warren buffett is in new york and we're pleased to have him at this table. not only because he has been such a wonderful guest for us, but also because he is a friend of mine. welcome. >> thank you, charlie. >> rose: you've announced recently you're going to buy back, or started the process of buying back berkshire hathaway shares. some people were surprised because you had written in your sckholders letter, which is now famous, i don't do that. >> well, i haven't said that. i have said that you should buy back your shares only when you think they're selling at a does count to their intrinsic value. and since intrinsic value is not a precise figure, it's a guess. >> rose: part of the reason you said that is because you don't necessarily think that people without buy back shares simply to improve e stock performance. >> sometimes they are trying to prop their stock. who knows what their motivations are. there's only one motivation for me. if i think i'm buying our businesses at a disco

from what i understand i wouldn't put the preferred either but you know it's one buffett. you know i don't want to denigrate if he's a. very successful man but you know i definitely disagree with their purchase i think there were other purchases that he made but you know that's what it's a trade this who says every trade and just quickly why are you out there saying what other people aren't. you know. very honest person and you. basically see what i see a lot of the pundits many of the media outlets a lot of the investors so the place to put the simply. not to denigrate many investors but you know that's true i see it and reggie middleton we appreciate you coming on the show and telling us why you think that bank of america without all of the other influences that maybe some people they're going to have why you think it's essentially worthless and why all of this news out of europe the news of countrywide and what still exists there is all bad and you should believe that stock price i was writing middleton in our new york studio. all right so we have gone over some really

in fact, i support both the american jobs act and the buffett rule.that it's only fair to ask those of us in high income groups to contribute to solving our long-term debt problem." well, there you have it. and later -- "what i did say was that the buffett rule, this is clinton, again, cannot solve the problem alone. reducing the debt requires three more things -- economic growth more spending cuts, and more revenue." bill is on his game. >>> now for the big number. when you're debating what movie to see, how often do you think about where the leading actor stands politically before buying your movie ticket? turns out, that's not an uncommon consideration especially when you're talking about tea partiers. a in poll by "the hollywood reporter" asked that question. how many of the tea party respondents answered that a celebrity's political views do impact their decision to watch them at the movies. well, 45% say yes. that's more than double the amount of democrats who answered yes to the same question. tea partiers, i guess, want to know that the guy ki

and since republicans in congress have pledged not to vote on the president's jobs plan or on his buffett rule it appears this will be an issue that hits the campaign trail so which path is better for america president obama's buffett rule that makes the rich pay their fair share or the romney rule which gives the rich another tax break for an answer i'm joined by brian darling columnist human events director of government studies at the heritage foundation grant welcome back. good to see you should millionaires like ron. just came out today mitt romney made somewhere south of forty million dollars last year yeah and he earned it you know the paris hilton way to sit on his wall around the pool waiting for the dividend checks to show up you paid a total of fourteen percent in taxes right why is that right well it's right because our tax code clearly needs to be fair to conservatives i'm a little bit about it is that it's right but it's wrong no it's right i mean i think our tax codes a mess i mean i think our tax codes get some serious problems but the fact that wealthy people are making m

buffett and representative tim hulescamp have been sparring in recent weeks over buffett's call for higher on the wealthy. buffett has said the 17% tax rate that he paid on his earnings is too low when compared with middle income wage earners. >>> you can't eat or drink on metro, but on a commuter train in the netherlands, pass ngers will be able to release them. the dutch railway company which has no bathrooms on the trains have introduced bags for people who have to go and can't wait until the next top. the investor says once used, your urine will turn into a gel. passengers can use a department behind the engineer. so far, reactions to this have been a mixture of laughter and disbelief. >>> and howls from all the engineers, i would imagine. >>> 5:5 7 is that time. ahead, the local high school get ago visit trt first lady. >>> and in maryland, a mother has been murdered. now there's a frantic search to find her missing son. >>> and we're going to keep an eye on weather and traffic on the 1s, as well. taking a live look outside, we have low clouds, even storms around the region. stay with

warren buffett is opening up broughtw much money he in last year. check on what do you think of this one? really? what's this? this is a rose i made from a turnip. let's try together. perfect. two worlds that fit in one kitchen. come in today and save up to 20% on a kitchen from ikea. check on youro traffic and weather. >> is a little bit of drizzle. it there is some heavy rain. it is crossing to 70 as we speak. parallel. we go down toward stafford. it is pushing north toward as we speak. it is crossing over 66. we have more areas of rain lined up. it goes all the way down to north carolina. these. have 65 degrees in the district. an steady rain will come to and later. there is the chance of thunderstorms by the afternoon. we will be in this weather for one more day. it will clear out with a lot of sunshine. kaiser and the upper 70's. what is the latest? >> there is what pavement for everyone. construction is out of the way. we will show you what to expect. no problems on the beltway. is on 110.amera are awayxas rangers the trip to the world series.

the "wall street journal" has requested to see warren buffett's tax return.if murdoch does the same. >>> and finally, one grocery store in italy is saying basta, pleading with thieves to stay away and that is because the store has been robbed 23 times. maybe time to upgrade that security system. coming up, the rangers catch the rays, the phillies ground the cardinals and the diamondbacks booitd back. plus curtis granderson has done it all with his bat for years. but last might it was with his glove. your first look at sports is straight ahead. you're watching first look on msnbc. whoa. whoa. how do you top great vacations? whoa. getting twice the points on great vacations. whoa! use chase sapphire preferred and now get two times the points on travel, and two times the points on dining and no foreign transaction fees. whoa! chase sapphire preferred. a card of a different color. apply now at chasesapphire.com/preferred confidence. available in color. depend for women is now peach. looks and fits like underwear. same great protection. depend. good morning. great

there's a sidebar to this which is warren buffett versus robert murdoch.he wall street journal" has been critical of warren buffett's tax proposals. buffett has turned around and said i'll show you all my income tax statements if you show me yours, rupert. i was wondering if he got any comment back from the news corp. chairman. i suspect not. >> rather busy these days, rupert murdoch, one would have thought. >>> austerity is one word on everyone's lips at the moment, and it's a word the british prime minister, david cameron, may utter once or twice later today. speaking at the conservative party's annual conference, he says he's likely to say later on today that the right one to turn to britain and bring the country back to prosperity. he's also likely to warn his country folk that it could be a long road to recovery. we'll be looking forward to cameron's words later today in manchester here in england, andrew. >> yeah, mr. cameron is pretty hopeful he can keep the lights on in britain, and that's more than can be said for some parts of china at the moment

warren buffett says he didn't. he says that's not enough.just ahead. he yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole grain oats that can help lower cholesterol? honey nut cheerios. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's new glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have 6 grams of sugars. with 15 grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] new glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. a state capital files for bankruptcy. you'd expect that these days if you'd be right. let's head to christine roman live with me in new york. so christine, i'm not even surprised by this. and that's the saddest part. >> well, there are other cities this happe

hear the president reference warren buffett a lot these days. that he has never once called the president. that was interesting. he said it would be presumption of him to do so. he said he's gotten a few call frs the president. he takes them every time, but he has not called the president. he said he would not call it a close relationship. i did ask if he is still 100% in support of president obama. he said, yes, he may not agree with all his policies, but he's still a 100% supporter and showed that by holding a fund-raiser for president obama. >> and we see on your website behind you, he made nearly $63 million and paid 6 or 7 million in taxes. that's about 10%. certainly not the 35%, the maximum tax rate that people in that bracket should pay, but everything he did was legal. there were no violations of the law. we should point that out as well. twhauz right? >> wolf, yeah. when you look at his taxable income just to clarify, it's about $39 million in taxable income because he gives so much to charity and state and local taxes, so he paid 6.9

wall or roll. -- again buffett rule. jobs bill, he did not give support for it. he said i will look at the overall plan and decide what i like and don't like. if one of the president's economic gurus supports raising taxes and is not offering support for the way he wants to pay for the jobs bill -- >> he was distinguishing it and making clear that the interviewer understood -- you pointed out that it was not the same at buffett principal and what he discussed. he wants to look more deeply into the various provisions within the jobs act. the overall principle that he supports the need for wealthy americans to pay their fair share has been established many times by him in a variety of forms. >> he said he is not sure the mechanism that the president wants to pay for the bill. >> he said he will look at it. >> said the senate democrats are looking for other ways to pay for the job bills. >> what i said as recently as yesterday and meant to include in my otherwise eloquent as nora is that if there are other ways to pay for t

i am not worried about warren buffett says taxes or my taxes. what i am worried about is we do not now taxed job creators and engage in a brand of class warfare. this is a time that a lot of people are upset for a good reas. the president's failure has resulted in tens of thousands of people out of work and engaging in a class warfare is dangerous , and it is counterproductive. we need americans pulling together, not pointing fingers. if i become president of the united states, i will not agree to a program that reduces the tax burden pd by the top 1%. i am not looking to lower the tax burden paid by the top 1% of taxpayers, but i am also not looking to single out success and try to tax it or somehow suggest that steve jobs or bill gates or warren buffett need to be punished in some way. >> often has not shown his tax returns -- buffett has not shown his tax returns, but if what he is saying is true, its coming from capital gains, and the associated press has said that obama and a buffet are incorrect in saying the average millionaire is paying