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Smith: Warren Buffett's Secretary Not Symbol of Economic Injustice

Washington, Feb 1 -

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.