Saturday, February 24, 2018

CNN releases emails to push back on claim about ‘scripted’ town hall question

By Real Clear Markets, Feb. 22, 2018

In a 2017 CNBC interview, Warren Buffett argued that a cut in corporate federal tax rates wasn't necessary. "We [at Berkshire Hathaway] have a lot of businesses," he said. "I don't think any of them are non-competitive in the world because of the corporate tax rate."  Buffett has made many other statements over the years in which he has denigrated the idea that federal corporate tax rates matter when making corporate decisions.

Now comes strong evidence, in the form of the recent bonus payouts (and their timing) to rank-and-file workers employed by America’s largest corporations, that Buffett’s assertion is completely wrong.
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1 comment:

  1. Buffet should be referred to as Red Warren!


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