The CEO of investment firm Berkshire Hathaway, who is worth $39 billion according to Forbes, has long advocated for the rich to contribute a larger share of the country’s tax revenue. He wrote an op-ed in the New York Times in August 2011 regarding tax policy such as advocating for higher taxes on capital gains.
That month, President Obama proposed a plan to reduce the deficit with spending cuts and tax increases on millionaires, dubbed the Buffett Rule.
Sen. John Thune (R-S.D.) then introduced the “Buffett Rule Act” in October, an option on tax forms allowing the wealthy to donate more in taxes to reduce the deficit.
Buffett told Time for this week’s cover story that he will match Republicans’ voluntary contributions.
“And I’ll even go three for one for McConnell,” Buffett said.
McConnell is reportedly worth at least $10 million, Time reports.