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Buffett Calls For More Taxes On ‘Mega-Rich’

Billionaire investor Warren Buffett is calling on the so-called “mega-rich” to pay more in taxes.

Buffett said Monday in a New York Times opinion piece that he would immediately raise rates on households with taxable income of more than $1 million, and he would add an additional increase for those making $10 million or more.

He also recommends that the 12 members of Congress charged with devising a deficit-cutting plan leave rates for 99.7 percent of taxpayers unchanged.

Read more at cbsnews.com.