Warren Buffett touts Berkshire's record tax payments, urges government to spend wisely
Published On Feb 22, 2025, 12:04 PM
Warren Buffett's recent letter to Berkshire Hathaway shareholders highlighted the company's record tax payments totaling $26.8 billion last year, representing about 5% of all corporate tax payments in the U.S. He urged the federal government to spend the tax revenue wisely, emphasizing the importance of stable fiscal management. Buffett reflected on Berkshire's transformation from a struggling textile company into a major corporate taxpayer over the past 60 years and reiterated his confidence in the resilience of American capitalism, despite its flaws.
Stock Forecasts
BRK.B
Positive
Berkshire Hathaway's strong financial performance and future prospects, along with Buffett's endorsement of stable government spending, indicate a positive outlook for the company's stock. Investors may see continued confidence in its holdings and overall market performance.
SPY
Positive
Buffett's praise for key investments like Apple, Coca-Cola, and American Express may buoy performance in these stocks, which should also reflect positively on funds that include these companies, reinforcing their investment credibility.
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