Buffett Says U.S. Businesses Haven’t Been Hurt by Taxes
This article is for subscribers only.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said U.S. businesses haven’t been hurt by taxes and have benefited from declining rates in the past few decades.
“Corporate taxes have not been a problem for corporate America,” Buffett, 82, said today in an interview on CNBC. “The biggest beneficiary of reductions in tax rates in the last 30 or 40 years has been corporations, and the biggest increase has been in the payroll tax.”