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Welcome back to the five the controversy surrounding Warren Buffett's secretary is heating up you may remember Debbie masonic was a guest the first lady's at the state -- -- union.
And the president used her as a champion for secretaries across country.
She and her boss Warren Buffett sat down with ABC news talk about her new role.
You said that you felt as if you're representing secretaries across dry entry yesterday I just feel like an average -- fun stuff.
Maybe I should that was representing just the average -- -- -- who.
You know needs a voice son and wants to be treated fairly in the area of taxation.
And then as typical -- is -- right in the middle.
-- is that typical -- but issued a real representation of secretaries across America.
According to Forbes Buffett's secretary could make between 20500000.
Bucks a year.
By comparison the average secretary in America -- 43500.
Bucks here and that's according to the Bureau of Labor Statistics Greg.
-- -- -- 200000.
Dollars a year that's 101000 dollars per cat picture on her desk -- my -- but wait a he's got a secretary she's a what you call a personal assistant commissions as executive -- Who does my laundry and also my travel companion I don't call him my secretary that's just plain offensive but there's one big flaw -- this whole story I wanna get this out.
There's -- class warfare stuff is pointless because yeah cost of living varies city by city so even if you make -- Got 50000 dollars and Allentown Pennsylvania that it's not the same as making 50000 dollars in New York -- still talking up I know surprising.
But no no I'm game that the media does not bring this up this whole class warfare stuff is -- you know I didn't want it I don't I am.
-- is might my laundry and stuff and I I call her high wire minister did Saturday and I'm not denying that threat -- start.
I you can't get that back.
Lately you know that she definitely -- that money that you probably I show if she's a member of -- at three she probably gets -- I doubt that I'll hear me -- or cannot but wonder what can anybody -- that connect -- what we don't know that in the OK very good point -- -- to what we -- to Bob we tried to know that because I called speech rights in different times -- called at 10581153.
To eleven at four to -- there are all on her voice -- -- -- -- I wanted to ask you.
Is it stock options is its stock is it capital gains or as a regular income -- of them -- it is -- regular income she has to make at least 200.
-- -- a lot initiate notably all of a sudden you don't know if he wanted to.
Earth orbit that's not there.
He tried to now that's not the point that everybody got it it's not the reason that she was sitting in the first lady's box the reason she was invited into the box because because she is become.
For lack about -- -- the poster child for tennis movement that it's not fair that she on her income is paying a higher rate than what.
Warren Buffett pays on his investment income I say think that this conversation in America has been -- helpful.
Because it's helping people understand a -- you get the investment income and -- but are your salary you're taxed on that and then if you decide.
If you've made enough that you wanna try to invest that money take a risk on it -- and then when that is when you if you are lucky enough to make -- dividend on it like Warren Buffett has.
Then you pay 15% on it.
That's the way the system works.
If it's true that -- Forbes has said in terms of its analysis then in Nebraska's it's thirtieth on the list of household income -- 47000 is the average in should be making.
Even if it's a 200000 dollars 445%.
More and more -- others.
I think the White House and fortunately has opened themselves up to a lot of criticism they're the ones -- want full transparency we might find out her salary is 35000 dollars a year.
But I kind of doubt it and I think -- relates.
Unfairness I'm not adding hundreds and all the guys that I I know I know -- and I know warm -- you know I've spent time with and that -- from back you know -- Francisco ideas very nice woman and she's extremely hard working she should be paid to believe me 200000 don't you have -- that he's -- getting paid -- million dollars let me tell -- she's practically see out.
That being that you know set aside.
She's kind of now I'm gonna come under a lot of ridicule a lot of criticism and everybody's -- -- investigating her and she's gonna become escape.
This is what the president station -- that was exactly right it doesn't matter whether she makes 205 -- the fact.
Warren Buffett pays 12%.
That that the rate on capital gains should not be 50% -- 30% that's it yeah yeah yeah.
What bothered by -- later on in that same interview please respond to this later on that same interview Warren Buffett said.
If this is war we're talking about class warfare right this is war.
Has the nuclear bomb we've got K street we've got lobbyists we've got money on our side.
Here it is Warren Buffett saying things that Obama is to -- -- -- said well knowledge he's exactly regular these got to decide as a Republican Party.
So I mean they decided rich people so I.
He's saying he's not saying that he's right he's saying -- it's -- -- Heading into the -- and he's he is he what he said all along -- people who make academy ID should not pay this little in income tax are in Indian capital gay sex and he's right -- I can't say oh this creates jobs and this is risk that we take well.
So that's not an end result is there's no effect on the debt but the lord of the money we're talking about all this really is is divisive miss -- -- point.
Point out that it's divisive thing you are accused of being divisive you -- as violently.
Georgia by -- record didn't wait about Bob I used to something very important you said while everyone says this creates jobs wealth so white.
Should nabbing Obama's message I'll do anything that creates that we need jobs right how do you know -- -- -- -- use -- -- go to the did you -- using that all these people create jobs act could be capital -- by these.
The -- here is why capital out aliens are -- 15%.
And regular income is 35% because you wanted you -- A lot opportunity for people to invest so companies have capital to spend to hire people that's why it's tracks -- a lower rate and that.
I guess -- entities.
You don't I'm not sure -- -- And I have I have -- to say that and for it the point of capitalism is risk you wanna take that out of the equation.
Then you won't have people that are risking starting a business to create jobs that's just a fact and it's I actually take offense to Republicans -- -- -- party of rich people.
Night -- then proceeded into the Republican the party of rich people.
Do not grow up rich.
I grow up with the conservative philosophy that I that I have developed over the years and I look at some people you know all across the country I think -- a huge problem for Democrats.
Saying things like that continues to -- being -- and look more divisive and and it doesn't having you wonder why -- -- is losing independent that the fastest rate.
If I said that I apologize but I think I said they defend the rich people I didn't say they were all rich people I know a lot of Republicans were not rich but I.
I don't know why capital gains on the text if that's what echoed as a -- puts you worked at every day because you want the spur investment companies.
The -- and that and when you when you invest in the company that company's profits have already answered.
-- I checked it out talking double taxation if you think about it now aren't logical way it's common -- and we need to are we got to go up.
Are off in the GOP candidates are swing and Mitt Romney Newt Gingrich turning up the tax on each other.
-- slammed Romney for questioning his Reagan credit and -- hits him.
Get back on his ethics violations we have at all.
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