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Warren Buffett says he'll match any GOP donation to cut debt

Warren Buffett has an answer to Sen. Mitch McConnell’s suggestion that he "send in a check" to help alleviate the country’s deficit.

Warren buffet markets 8 7 2011Enlarge
President Barack Obama presents Berkshire Hathaway chairman Warren Buffett with the 2010 Medal of Freedom at the White House Feb. 15, 2011. The medal is the highest honor awarded to U.S. civilians. (Alex Wong/AFP/Getty Images)

Warren Buffett has an answer to Sen. Mitch McConnell’s suggestion that he "send in a check" to help alleviate the country’s deficit.

Speaking to Time Magazine, Buffett, the second richest man in the United States, upped the ante by saying that he would match any contribution to the US government made by congressional Republicans.

The Oracle of Omaha said he would be even more generous with the Kentucky Republican, saying he'd triple anything McConnell ponied up.

"I'll even go 3 for 1 for McConnell," he reportedly said of the Senate Minority Leader, whose net worth has been estimated at $10 million, according to USA Today.

According to Time, McConnell's jab was in response to Buffett’s August 2011 New York Times op-ed in which the billionaire wrote that he paid a lower tax rate than his own secretary. 

"My friends and I have been coddled long enough by a billionaire-friendly Congress," Buffett wrote in the piece. "It's time for our government to get serious about shared sacrifice."

(GlobalPost reports: Warren Buffett asks Congress to stop “coddling” the super-rich)

According to Time:

Senator John Thune promptly introduced the “Buffett Rule Act,” an option on tax forms that would allow the rich to donate more in taxes to help pay down the national debt. 

In the article, Buffett also says: "It restores my faith in human nature to think that there are people who have been around Washington all this time and are not yet so cynical as to think that [the deficit] can't be solved by voluntary contributions."
 

http://www.globalpost.com/dispatch/news/regions/americas/united-states/120112/warren-buffett-republicans-budget-deficit-national-debt