Sunday, May 7, 2017

Warren Buffett: ObamaCare repeal bill 'a huge tax cut for guys like me


 

The Hill/by B.Carter

Billionaire investor Warren Buffett on Saturday criticized the bill House Republicans passed this week aimed at repealing and replacing ObamaCare, calling it “a huge tax cut for guys like me.”

Speaking at Berkshire Hathaway’s annual shareholders meeting in Omaha, Neb., Buffett argued that healthcare costs – rather than high taxes – were the biggest problem facing American businesses.

“Medical costs are the tapeworm of American economic competitiveness,” he said, according to The New York Times.

Buffett said his federal income taxes would have gone down 17 percent last year if the GOP bill was in effect.

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