Donald Trump’s “tax cut for hardworking families” increased the profits of one of the world’s richest men by $29.1bn (£20.8bn) last year without him having to do a thing. Billionaire investor and philanthropist, Warren Buffett disclosed in his annual letter to investors that the Republican tax break had delivered nearly half of the $65bn profits made by his company, Berkshire Hathaway, in 2017. Mr Buffet – who was recently knocked into third place on the Forbes American rich list – has condemned the tax change for exactly this reason.
Source: Yahoo! News