Buffett Says Stock Ownership Became More Attractive With Tax Cut

Bloomberg’s Peggy Collins and Jason Kelly discuss possible successors for Warren Buffett at Berkshire Hathaway.(Source: Bloomberg)

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By Noah Buhayar and Katherine Chiglinsky

January 10, 2018 at 1:56 PM UTC

Updated on

January 10, 2018 at 3:17 PM UTC

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Warren Buffett said the U.S. tax cut will make companies more valuable by giving owners a bigger share of profits.

“People who own the businesses, they now own 20 percent more of the domestic earnings,” Buffett, chief executive of Berkshire Hathaway Inc., said in an interview on CNBC Wednesday.