Warren Buffett says Republican tax cut 'delivered' $29bn to his company

Billionaire reports record quarterly and annual profit for Berkshire Hathaway, in large part due to Congress’s tax code changes

Warren Buffett on Saturday reported a record quarterly and annual profit for his Berkshire Hathaway conglomerate, thanks in part to a $29.1bn boost “delivered” by the Republican tax cut.

In his annual letter to shareholders, the billionaire investor wrote: “Berkshire’s gain in net worth during 2017 was $65.3bn.”