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Buffett backs estate tax

Published:
14 November 2007, 03:28 by C Erice

Billionaire Warren Buffett on Wednesday endorsed the estate tax as a check on wealth accumulation, while two senior U.S. senators said they want the tax repealed.

“I think everyone in this room knows we’re not going to repeal the estate tax. It’s not going to happen in the foreseeable future,” he said.

Read the full article at Reuters.

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