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Not to sure on who to vote for, read on!!!!

Citing advice from the sage of Omaha, Warren Buffett, Democratic presidential contender Sen. Barack Obama has called for a massive increase in the capital gains tax.

No word from the billionaire investor Buffett in reaction to Obama’s policy proposal — aired first on MSNBC by the Democratic presidential contender in an interview with Maria Bartiromo – but many other investors are already responding.

Currently, the capital gains tax rate is 15 percent.

"When I talk to people like Warren Buffett, or others, and I ask them, you know, how much of a difference is it going to be if it’s 20 or 25 percent, they say, ‘Look, if it’s within that range then it’s not going to distort, I think, economic decision making,” said Obama in an interview on March 27 on CNBC’s Closing Bell program.

Sen. Obama, who also favors letting the Bush income tax cuts expire in 2010, added that he would not like the capital gains tax rate to go up to "confiscatory rates.”