Investing icon Warren Buffett told CNBC on Tuesday that his Berkshire Hathaway empire is holding off on selling any stocks to see how the tax reform situation plays out in Washington.
Buffett told CNBC on Tuesday that the odds of getting a tax plan passed are higher than what most people expect, but expressed uncertainty over the reforms.
“We may or may not have a change in the tax code,” Buffett, the chairman and CEO of Berkshire Hathaway, told CNBC.
Investors are also watching out for progress on President Donald Trump’s tax reform plan, which calls for lowering corporate tax to 20 percent, Reuters reported.
…..related:
Trump’s Corporate-Tax Cut Will Spur Economic Growth
