Warren Buffett visits Capitol and "Buffet Bill" is born

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A couple of years ago, famed billionaire Warren Buffett got into the auto dealer business without realizing a protectionist state law could stop him from selling cars in Texas. On Monday, Buffett met with Lt. Gov. Dan Patrick and — according to multiple Capitol sources and an unchallenged news story — Gov. Greg Abbott. On Tuesday, the Texas Senate used emergency powers to introduce what was quickly dubbed the “Buffett Bill,” SB 2279, granting the Oracle of Omaha a special exemption. On Wednesday the author set the bill for a public hearing in a Senate committee. And on Thursday it shot...

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