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Buffett is holding off on stock sales to see if tax legislation passes

Source: marketwatch.com - Oct 3, 2017

Billionaire investor Warren Buffett on Tuesday said Berkshire Hathaway is holding off on selling any holdings until it sees whether a Republican push to cut corporate taxes is successful by the end of the year.

“Right now we’re sitting and watching because within three months, actually less than that, we’ll know the answer,” Buffett told CNBC in an interview.

Buffett said he would “feel kind of silly” if Berkshire BRK.A, +0.53% BRK.B, +0.45% realized $1 billion in gains and paid $350 million in tax when “if I just waited a few months I would have paid $250 million.”

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Category: General Business