Warren Buffett Urges Higher Taxes for Billionaires

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Aug. 15 (Bloomberg) -- Billionaire Warren Buffett urged Congress to raise taxes on the nation’s wealthiest individuals to help cut the U.S. budget deficit, saying it won’t inhibit investment or job growth. “My friends and I have been coddled long enough by a billionaire-friendly Congress,” the chairman and chief executive officer of Berkshire Hathaway Inc. wrote in an opinion article published in the New York Times. Adam Johnson and Scarlet Fu report on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

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