Feb 26, 2018

Warren Buffett: Trump tax cuts a "huge tailwind" for businesses

Erica Pandey, author of @Work

Photo: Daniel Zuchnik / WireImage

Business magnate Warren Buffett told CNBC on Monday that his conglomerate Berkshire Hathaway will benefit from the newly-enacted tax law, which cuts the corporate tax rate from 35% to 21%. He called the cuts are a "huge tailwind" for American companies.

Flashback: In October, when the tax plan was initially proposed by President Trump, Buffett opposed the idea, saying, "We have a lot of businesses ... I don't think any of them are non-competitive in the world because of the corporate tax rate."

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934 — Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306 — Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine project — McConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandate — Biden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments — Cases are falling, but don't get too comfortable.
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Jacob Knutson
2 hours ago - Politics & Policy

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

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Eileen Drage O'Reilly
5 hours ago - Health

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.

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