Warren Buffett’s Annual Letter Says Berkshire Hathaway Received $29 Billion From New GOP-Trump Tax Code

BUFFET FOR AGAINST IT, BEFORE HE WAS FOR IT …

Warren Buffett, Chairman and CEO of Berkshire Hathaway, stated in his annual letter to Berkshire Hathaway investors that Berkshire Hathaway (BRKB) made a $65.3 billion net gain in 2017, but only $36 billion came from Berkshire’s operations and his brilliance. The other $29 billion came from the Republican-Trump tax cuts. Namely, the reduction in corporate tax rates. Imagine that 55.4% of Berkshire’s net gains came from Buffet’s efforts while 44.6% came from Trump and the Republicans. This from the man who backed Hillary Clinton and condemned the Trump policies on taxes. Oops, looks like the so-called Wizard of Omaha got that one 100% wrong. Every right thinking person without a political bias knew Trump was going to be good for the economy. Even the likes of Warren Buffet were wrong and tainted by their liberal bias.

It would appear that Donald Trump trumped Buffett.

Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 billion came from Berkshire’s operations.”

The rest was a gift from the new U.S. tax code.

“A large portion of our gain did not come from anything we accomplished at Berkshire,” he wrote, adding that about $29 billion of that $65.3 billion gain came from changes to the tax law.

Buffett went on to extol Berkshire’s investing methods. Careful decisions and an aversion to debt and speculation has gotten the firm this far — and that’s the course it’ll stay on, he said.

But remember when Warren Buffet was against the Trump Tax plan? I am certain the Berkshire Hathaway investors are glad Trump went against the wishes of the individual they put all their trust in with their investments. I wonder who the investors of Berkshire Hathaway feel that the individual in charge of their investments cared more about politics than he did his fiduciary responsibility to their monies?

President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.

With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class Americans, Buffett and BlackRock Chief Executive Larry Fink suggested in separate interviews that the corporate rate may not have to be cut as deeply as proposed.

“We have a lot of businesses… I don’t think any of them are non-competitive in the world because of the corporate tax rate,” Buffett, thechairmanand CEO of Berkshire Hathaway, told CNBC.

President Donald Trump Rocks the House at 2018 CPAC (VIDEO)

PRESIDENT TRUMP WOWS THEM AT CPAC!!!

President Donald Trump said to all to not get complacent with the 2018 midterm elections. Trump reminded Republicans and Conservatives alike,  if you let the Democrats win they will repeal the tax cuts and repeal the Second Amendment. Don’t think for one second the LEFT and Democrats will the all too willing aid of the liberal MSM would not attempt it.

Trump reminded CPAC that he is fulfilling his campaign promises to Make America Great Again.

NY Times Poll: 51% of Americans Now Approve of Trump Tax Cuts Up from 37% in December

IT WOULD APPEAR THAT AMERICANS ARE LIKING THEIR CRUMBS …

According to a recent New York Times/Survey Monkey poll, 51% of Americans now approve of the Trump/GOP tax cut law. That is up from 46 percent in January and 37 percent in December. The lower approval ratings occurred prior to the law being passed and the misinformation spread by the liberal MSM and Democrats. Since the passage of the tax cut law, over 3 million Americans have received bonuses from their companies since the passage of the Trump/GOP tax cuts. Also, all Americans will see if their payroll checks have increased as companies were to adjust the tax tables by February 15, 2018. Look for the support of these tax cuts to continue to increase as Americans come to realize they did receive benefits and that Democrats lied  to them. Also, keep in mind that not one Democrat in either the House or the Senate voted for Americans to keep more of their money.

The tax overhaul that President Trump signed into law now has more supporters than opponents, buoying Republican hopes for this year’s congressional elections.

The growing public support for the law coincides with an eroding Democratic lead when voters are asked which party they would like to see control Congress. And it follows an aggressive effort by Republicans, backed by millions of dollars of advertising from conservative groups, to persuade voters of the law’s benefits.

That campaign has rallied support from Republicans, in particular. But in contrast with many other issues — including Mr. Trump’s job approval rating — it also appears to be winning over some Democrats. Support for the law remains low among Democrats, but it has doubled over the past two months and is twice as strong as their approval of Mr. Trump today.

Over all, 51 percent of Americans approve of the tax law, while 46 percent disapprove, according to a poll for The New York Times conducted between Feb. 5 and Feb. 11 by SurveyMonkey. Approval has risen from 46 percent in January and 37 percent in December, when the law was passed.

Other recent polls have shown the same upswings for the law by the Americans people, including a Monmouth University Poll in late January that found support for it had risen to 44 percent nationally, from 26 percent in December. The Democrats are going to have a lot of explaining to do in the 2018 midterm elections.

POLITICO/Morning Consult Poll : GOP Gains on Generic Ballot & President Trump’s Approval Moves Upward

REVERSAL OF FORTUNE, REPUBLICANS ARE TRENDING UP …

2018 midterm election blue Democrat tsunami? It appears that the so-called blue tsunami may not even be a small wave. It would seem according to the trending polls, it might just be a red wave. What a difference a Trump/GOP tax plan and growing economy makes. Or as Nancy Pelosi and Democrats call it, a “crumb” plan. According to a new Politico/Morning Consult poll, Republicans now lead Democrats in the Generic ballot 39% to 38%. The tide is changing as Americans are realizing Donald Trump is Making America great again.

Who would actually want Nancy “crumbs” Pelosi to be the Speaker?

The change in the electorate is remarkable. President Donald Trump has led the way with the GOP with a robust economy, low unemployment numbers, optimism from business and employees, a tax cut law that will affect 90% of Americans and bonus checks to millions of people. Trump and the GOP has been right on immigration and the dismantling of ISIS and their caliphate. Previously, in mid-December, 39% of voters said they trusted Democrats more to handle the economy, compared to 38% who said Republicans. Today following a booming economy, 43% say Republicans and only 32% say Democrats. Congressional Republicans also have a 9-point advantage on handling jobs, a 6-point lead on dealing with immigration and a 19-point lead on handling national security. These numbers for Republicans are only to get more positive as the economy grows.

Republicans have erased the Democratic advantage on the generic congressional ballot in a new POLITICO/Morning Consult poll that, for the first time since April, also shows President Donald Trump’s approval rating equaling the percentage of voters who disapprove of his job performance.

Fully 39 percent of registered voters say they would support the GOP candidate for Congress in their district, while 38 percent would back the Democratic candidate. Nearly a quarter of voters, 23 percent, are undecided.

Voters are split almost evenly along party lines. Democratic voters break for their party, 85 percent to 5 percent, while Republicans similarly favor the GOP, 84 percent to 8 percent. Among independent voters, 26 percent would vote for the Democrat, 25 percent for the Republican and nearly half, 49 percent, are undecided.

The GOP’s 1-point advantage comes after three months of tracking in which Democrats maintained a lead ranging between 2 and 10 points on the generic ballot. That has been generally smaller than the party’s lead in other public surveys: The most recent RealClearPolitics average shows Democrats ahead by 7 points on the generic ballot, though that’s down from a high of 13 points late last year.

A previous Monmouth poll had Democrats only ahead by 2 points, after previously having a double digit lead. Who in their right mind would want Nancy Pelosi as the Speaker of the House again? If America actually makes that choice, say good bye to the gains of the economy.

Democrat Sen. Mark Warner Texted with Russian Oligarch Lobbyist in Effort to contact Dossier Author Christopher Steele … “rather not have a paper trail”

ARE YOU KIDDING ME … WHO WAS COLLUDING WITH WHO?

One might want to ask why Warner was being so secret? Sen. Mark Warner, the top Democrat on the Senate Intelligence Committee who has been leading a congressional investigation into President Trump’s alleged ties to Russia. Warner had extensive contact last year with a lobbyist for a Russian oligarch who was offering Warner access to former British spy and dossier author Christopher Steele. If this was supposedly bi-partisan, why throughout the text exchanges did Warner seem particularly intent on connecting directly with Steele without anyone else on the Senate Intelligence Committee being in the loop? If one is being open and transparent, why would a text message to a Russian lobbyist state, “rather not have a paper trail?”

VIA FOX News:

Sen. Mark Warner, the top Democrat on the Senate Intelligence Committee who has been leading a congressional investigation into President Trump’s alleged ties to Russia, had extensive contact last year with a lobbyist for a Russian oligarch who was offering Warner access to former British spy and dossier author Christopher Steele, according to text messages obtained exclusively by Fox News.

“We have so much to discuss u need to be careful but we can help our country,” Warner texted the lobbyist, Adam Waldman, on March 22, 2017.

“I’m in,” Waldman, whose firm has ties to Hillary Clinton, texted back to Warner.

Steele famously put together the anti-Trump dossier of unverified information that was used by FBI and Justice Department officials in October 2016 to get a warrant to conduct surveillance of former Trump adviser Carter Page. Despite the efforts, Steele has not agreed to an interview with the committee.

Secrecy seemed very important to Warner as the conversation with Waldman heated up March 29, when the lobbyist revealed that Steele wanted a bipartisan letter from Warner and the committee’s chairman, North Carolina Republican Sen. Richard Burr, inviting him to talk to the Senate intelligence panel.

Throughout the text exchanges, Warner seemed particularly intent on connecting directly with Steele without anyone else on the Senate Intelligence Committee being in the loop — at least initially. In one text to the lobbyist, Warner wrote that he would “rather not have a paper trail” of his messages.