Buffett pledges 15% of income to boost US economy

clock

Billionaire investor Warren Buffett has pledged to give a chunk of his income to help pay down the US' national debt, if politicians do the same.

Buffett, one of the richest men in the world, said he would donate 15%of his income to the government, provided that 10% of Congress agreed to do so as well. Speaking to Bloomberg, Buffett reportedly said: "If you can get a significant percentage of Congress to do that, I would do it," he said. "10% of Congress, sure. "It is not that contributions will amount to anything significant - but it draws attention to it [the issue]." Buffett, the 81-year-old chairman and chief executive of Berkshire Hathaway, has long campaigned for the richest Americans to do more to boost the economy an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read
Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read