[Congressional Record (Bound Edition), Volume 158 (2012), Part 1]
[Extensions of Remarks]
[Page 774]
[From the U.S. Government Publishing Office, www.gpo.gov]




      WARREN BUFFETT'S SECRETARY NOT SYMBOL OF ECONOMIC INJUSTICE

                                 ______
                                 

                            HON. LAMAR SMITH

                                of texas

                    in the house of representatives

                      Wednesday, February 1, 2012

  Mr. SMITH of Texas. Mr. Speaker, billionaire Warren Buffett's 
longtime secretary has become a symbol in the current Administration's 
fight over the tax code and economic fairness. While she was the 
President's chief stage prop in a show of the alleged unfairness of our 
tax system, this is hardly the truth.
  The national media have painted this as a case of the little person 
paying a higher tax rate than her billionaire boss. Thankfully, Forbes 
and a few media outlets have researched the facts. By reviewing the 
Internal Revenue Service's own detailed tax tables by income level, 
Forbes has determined she likely makes between $200,000 and $500,000.
  The national media have not done their homework on Mr. Buffett's 
longtime secretary. They have misled the American people on the 
important issue of income taxes and capital gains investments that help 
create jobs. We need to remind the national media of their obligation 
to provide the American people with the facts.

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