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The Wall Street Journal: Buffett positioning Berkshire Hathaway for Trump corporate-tax cut

Berkshire Hathaway Inc. is already examining ways to benefit from the lower corporate tax rate proposed by President Donald Trump, Chairman Warren Buffett said at the company’s annual meeting Saturday.

The company BRK.A, +0.18%BRK.B, +0.13% had a “slight preference” for taking a tax loss on some of its investments in the first quarter, Buffett said, because it expects that such a loss would be less valuable to Berkshire in the future if taxes are lower. Berkshire said Friday that its first-quarter net earnings fell 27%, hurt by weaker investment gains.

The Trump administration unveiled a plan last month to lower taxes on all businesses to 15%.

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