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Buffett Love to See Minimum Wage Double

To 15 dollar an hour but said that it may not be a good idea. He will most likely agree with more modest increase to $10.10 an hour instead. Buffett also argue for increasing the Earned Income Tax Credit, which gives tax back to people who earned below a certain level, as a way to help the poor.

Buffett doesn’t believe in the number that both side claim to pull which estimates the job loss from employers paying higher minimum wage and said that the number is only hypothetical and would be based upon each side’s arguments. Buffett is also one of the millionaires who advocates for imposing higher tax rate for top earners known as “Buffett rule”