Billionaire Warren Buffett endorses Bob Kerrey

June 26, 2012 at 1:58 PM
| License Photo

OMAHA, June 26 (UPI) -- Billionaire investor Warren Buffett plans to hold a fundraiser later this month for Nebraska Democratic Senate candidate Bob Kerrey in Omaha, officials say.

Buffett plans to show his support for Kerrey's campaign against Republican incumbent Deb Fischer by throwing him a fundraiser, Politico reported.

Buffet has become a polarizing figure recently both for his opposition of super PACs and his criticism of tax cuts for the wealthy.

"I am 100 percent behind Kerrey," Buffet said. "I will not be doing super PACs of any sort. I think allowing unlimited contributions to campaigns is a terrible idea and an important and unfortunate step toward a plutocracy."

Related UPI Stories
Latest Headlines
Trending Stories
Vatican: Pope's meeting with Kim Davis not a show of support
Potential male contraceptive found in study with mice
Cancer and height are linked, new study shows
Hacker may have exposed data of 15 million T-Mobile customers
Education Secretary Arne Duncan to step down in December