The ride-hailing service co-founder will remain on the board. Warren Buffett and Bill Gates aren't buying into President Donald Trump's tax plan. In an interview with CNBC on Mondayboth Gates and Buffett downplayed the benefits of Trump's proposed tax cut for businesses and said the promised higher growth from the cut was overplayed.

Buffett, however, was skeptical about the plan's effect on Berkshire Hathaway. They're not as low elsewhere.

Bill Gates’ Stock Portfolio: Every Holding Analyzed - Sure Dividend Sure Dividend

Buffett is correct that many companies do not pay the headline tax rate. Buffett was also dismissive of the suggestion by the Trump administration that increased economic growth would help pay for the tax cuts and make up the loss in government revenue, a justification that comes from a method called dynamic scoring.

Gates said any tax cut was unlikely to benefit businesses in the tech sector but would most likely help shareholders. It's not like we're going to be stronger in the tech sector by making owners how to earn money in usana those stocks richer.

Trump's tax plan has already faced opposition from Democrats and drawn concern what stocks are bill gates and warren buffett buying some Republicans. Despite initial promises to get it done by August, the Trump administration is reportedly concerned the plan may not get through Congress until These are the small, agile new aircraft carriers meant to take Fs into battle More From Business Insider.

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Breaking News Uber CEO Travis Kalanick has resigned The ride-hailing service co-founder will remain on the board. Warren Buffett and Bill Gates don't think Trump's tax cut will help business. Business Insider May 8, Buffett and Munger praise Bezos, Amazon.

Warren Buffett and Bill Gates don't think Trump's tax cut will help business

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