Warren Buffett will host a fundraiser for Obama next month in New York City, the Berkshire Hathaway CEO, told CNNMoney on Thursday.
With the 2012 election season just around the corner, the campaign to back Obama in the White House for a second term is underway and it is not unusual for the campaign of the President of the drawing power boost by him share the stage with a well-known benefactor.
Billed as an "Economic Forum dinner with Warren Buffett," the fundraiser will be held at the Four Seasons restaurant in New York and moderated by former economic advisor Austan Goolsbee, Obama, according to a schedule obtained by Politico.
The event will be a pretty penny for the campaign. The base price is $ 10,000, while a $ 35,800 donation buys a VIP reception with Buffett, according to the schedule.
The Democratic National Committee confirmed the fundraiser was happening, but was silent about the details.
Last week, Buffett made clear - in a very high-profile way that it supports one of Obama's key policy goals: Higher taxes for the rich.
"My friends and I have been spoiled enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," the Berkshire (BRKA, Fortune 500) founder wrote in a New York Times opinion piece.
On the same day it was published, Buffett's op-ed was an applause line for Obama, who used it to hammer home his call for higher taxes for the rich.
"You're paying more than that," Obama told the crowd at a town hall meeting in Minnesota. "And - now I may be wrong, but I think you're a little less rich than Warren Buffett That's just a guess .."
In the past, Obama has consulted Buffett on the economy, including one hour long session at the White House in 2010, which gave Obama the Oracle of Omaha a new tie, because Buffett had frayed.
The campaign fundraiser is like many other businessmen move in the opposite direction, taking a pledge to keep campaign contributions.
Starbucks (SBUX, Fortune 500) CEO Howard Schultz said Wednesday that he has more than 100 CEOs attracted to all political campaign contributions halt to legislators, as Schultz puts it, "the partisan congestion stop in Washington, DC"
With the 2012 election season just around the corner, the campaign to back Obama in the White House for a second term is underway and it is not unusual for the campaign of the President of the drawing power boost by him share the stage with a well-known benefactor.
Billed as an "Economic Forum dinner with Warren Buffett," the fundraiser will be held at the Four Seasons restaurant in New York and moderated by former economic advisor Austan Goolsbee, Obama, according to a schedule obtained by Politico.
The event will be a pretty penny for the campaign. The base price is $ 10,000, while a $ 35,800 donation buys a VIP reception with Buffett, according to the schedule.
The Democratic National Committee confirmed the fundraiser was happening, but was silent about the details.
Last week, Buffett made clear - in a very high-profile way that it supports one of Obama's key policy goals: Higher taxes for the rich.
"My friends and I have been spoiled enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," the Berkshire (BRKA, Fortune 500) founder wrote in a New York Times opinion piece.
On the same day it was published, Buffett's op-ed was an applause line for Obama, who used it to hammer home his call for higher taxes for the rich.
"You're paying more than that," Obama told the crowd at a town hall meeting in Minnesota. "And - now I may be wrong, but I think you're a little less rich than Warren Buffett That's just a guess .."
In the past, Obama has consulted Buffett on the economy, including one hour long session at the White House in 2010, which gave Obama the Oracle of Omaha a new tie, because Buffett had frayed.
The campaign fundraiser is like many other businessmen move in the opposite direction, taking a pledge to keep campaign contributions.
Starbucks (SBUX, Fortune 500) CEO Howard Schultz said Wednesday that he has more than 100 CEOs attracted to all political campaign contributions halt to legislators, as Schultz puts it, "the partisan congestion stop in Washington, DC"
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