Buffett: Tax Overhaul Gives Businesses ‘Huge Tailwind’

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Businessman Warren Buffett said in an interview on Monday that businesses will benefit from the Republican-backed tax reform plan.

The billionaire Democratic donor told CNBC that the tax plan, which President Trump signed into law in December, gives U.S. businesses a “huge tailwind.”

“It certainly means corporations will pay quite a bit less in tax than they otherwise would,” Buffett said. “When we make money in 2018 domestically, and subject to a lot of little things here and there, basically we’ll be paying at 21 percent instead of 35 percent. That’s a lot of money.”

Read more at The Hill.

{Matzav.com}

1 COMMENT

  1. It’s funny how left and right media portray this story.
    On CNN they are crying about how dare Trump ‘give money’ to the rich. Whereas on the right it’s, yay Trump is taking less taxes from people that genuinely earned the money.

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