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Special Report

Warren Buffett on Taxes

And now some fresh pickings from the Political Grapevine...

Taxing Issue

Billionaire investor Warren Buffett is calling for higher taxes for the mega-rich.

Buffett writes in the New York Times Sunday -- quote -- "My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice."

Liberals are praising Buffett whose net worth is estimated at $50 billion. But Pat Buchanan spoke for many conservatives this morning when he said -- quote -- "Why doesn't he set an example and send a check for $5 billion to the federal government?"

By the way, the Treasury Department does have a website -- for people to make donations -- to help reduce the public debt.

Losing Hope

Many Latinos upset with President Obama's immigration policy are threatening to withhold support for his re-election.

They plan to protest at his campaign headquarters and other Democratic Party offices Tuesday.

One group says -- quote -- "There have been more deportations on President Obama's watch than at any time in American history. If the president continues to alienate Latino voters, he will lose the election."

However, Politico reports, Mr. Obama recently told Latin Media the problem is not with Democrats but that Republicans are blocking immigration reform.

Legal Beef

And finally, the nation's largest hot dog makers took their beef to federal court today where a judge will decide if either broke false advertising laws in their efforts to become top dog. Enough of that.

The case pits Oscar Mayer wieners against Ball Park Franks.

Ball Park argues, Oscar Mayer's "100 percent pure beef" claim is untrue. While Oscar Mayer says, Ball Park's campaign as "America's Best Franks" is false.

A ruling could clarify, how far companies can go when boasting their product is better.