Warren Buffett thinks that President Donald Trump's massive tax cut plan will help Berkshire Hathaway's bottom line but won't change the way it invests in its business.
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Buffett says Trump's tax plan would be good for Berkshire, but won't change how they do business
"We're not gonna change anything at the railroad just for some little tax jiggle," said Charlie Munger.
Donald Trump
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Buffett noted that the possibility of a corporate and investment tax cut will likely be beneficial to the profits of Berkshire Hathaway. The Berkshire CEO said that the drop in the investment tax would lower their deferred tax obligations for gains on their investment would drop.
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