in forging a bipartisan tax agreement with president reagan. party feld stein is economic add viertsz. from washingtonçó d.c., david leonhardt. a columnistñrçó for the new york sometimes and won a pulitzer prize for reporting. i am please to do have each of them at this table and in washington to talk about taxes. but i want to begin with the question, what do you think of warren buffett's op ed and his appearance on this program or the core of his argument that the rich, the super ch are being coddled by washingto >> i think that just take a look at some numbers, okay. if you have dividend income, which he reported, so he has 100,000 shares, $1 dividend and that's a 15% tax, that's all, right? not really bause you're the owner a company. the company was already thoracicked -- taxed before you got it. that means you taxed 125,000 down to 100 by the corporate tax and then you have your own personal income x which is 15%. that's true. but then state and local is 12. so your 125,000 is 73,000. to do those that have more pay more. yes i think that's probably the way to do it.