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Wednesday, September 21, 2011

Moneybox: Who Is Warren Buffett's Secretary?

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Who Is Warren Buffett's Secretary?
Debbie Bosanek is not the talkative type, especially about tax reform.
By Annie Lowrey
Posted Tuesday, Sept. 20, 2011, at 1:27 PM ET

Warren Buffett. Click image to expand.For nearly two decades, Debbie Bosanek has fielded press calls, investor queries, and sundry other requests for her boss, billionaire investor Warren Buffett. Now, she herself is in the middle of a very bright spotlight.

On Monday the White House revealed its debt-reduction package. The most controversial, headline-grabbing portion of the $4.4 trillion plan is what Obama calls the "Buffett rule," which would ensure that people making more than $1 million a year pay higher rates than middle-income taxpayers. It is named for an often-repeated aphorism of Buffett's, calling for higher levies on the rich: Buffett says he pays a lower overall tax rate than his hardworking secretary does, and that is wrong.

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Annie Lowrey reports on economics and business for Slate. Previously, she worked as a staff writer for the Washington Independent and on the editorial staffs of Foreign Policy and The New Yorker. Her e-mail is annie.lowrey@slate.com.

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