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Tuesday, January 24, 2012

Moneybox: Who Is Warren Buffett's Secretary?

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Moneybox
Who Is Warren Buffett's Secretary?
Debbie Bosanek is not the talkative type, especially about tax reform.
By Annie Lowrey
Posted Tuesday, Jan 24, 2012, at 08:23 PM ET

The White House announced today that Warren Buffett's assistant at Berkshire Hathaway, Debbie Bosanek, will be among the official guests in First Lady Michelle Obama's box during tonight's State of the Union. Buffett has often said that he pays a lower tax rate than Bosanek, which President Obama called the "Buffet Rule" when he unveiled his debt reduction package this past fall. In September 2011, Annie Lowrey looked into Buffett's now-famous secretary. The original piece is reprinted below.

For nearly two decades, Debbie Bosanek has fielded press calls, investor queries, and sundry other requests for her boss, billionaire investor Warren Buffett. Now, she herself is in the middle of a very bright spotlight.

On Monday the White House revealed its debt-reduction package. The most controversial, headline-grabbing portion of the $4.4 trillion plan is what Obama calls the "Buffett rule," which would ensure that people making more than $1 million a year pay higher rates than middle-income taxpayers. It is named for an often-repeated aphorism of Buffett's, calling for higher levies on the rich: Buffett says he pays a lower overall tax rate than his hardworking secretary does, and that is wrong.

"People making more than $1 million a year should not pay a smaller share of their income in taxes than middle-class families pay," Obama said in announcing his plan. "Warren Buffett's secretary shouldn't pay a higher tax rate than Warren Buffett. … It is wrong that in the United States of America ...

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