> Warren Buffett Blog: Tax reform is quite possible and can happen

Monday, October 23, 2017

Tax reform is quite possible and can happen

With Tax Reform being proposed by Donald Trump, many people are skeptical of any changes being made. Warren Buffett thinks there could be progress made on Taxes and he is holding out on selling stocks partly because of it.

"We may or may not have a change in the tax code. Right now we're sitting and watching because within three months, actually less than that, we'll know the answer on it. I would feel kind of silly if I realized $1 billion worth of gains and paid $350 million in tax on it if I just waited a few months and would have paid $250 million. 
If you talk about the three big items, this is the only one left to do this year. I would think the Republicans controlling both houses and the presidency, they would not want to have a shutout in their first year."