Warren Buffett Just Proved The Trump Tax Cut Is Just A Handout To Wealthy
One of the world’s richest men perfectly explains why the Trump Tax Scam is welfare for the 1%.
Warren Buffett, the head of Berkshire Hathaway, penned his annual letter to shareholders this weekend. And while much of the media attention is on which companies Buffet has purchased this year, the “Oracle of Omaha” made a subtle, yet very important, commentary about the Trump tax cut.
Trump and Republicans sold their tax scam as a boost to working families, however, the reality is anything but.
And increasingly we are seeing the vast, vast majority of the benefits of the tax cuts going to the top 1% and the massive corporations they own.
Buffett told Berkshire Hathaway shareholders that the company received a massive $29 billion windfall that was “delivered to us in December when Congress rewrote the U.S. Tax Code.”
Buffett went on to note that the $29 billion corporate handout “did not come from anything we accomplished at Berkshire.”
In the past, Buffett has been a vocal proponent of raising taxes on the super wealthy like himself.
[image via CNN screenshot]
