Bonus Payouts a Reminder That Corporate Tax Rates Matter

In a 2017 CNBC interview, Warren Buffett argued that a cut in corporate federal tax rates wasn't necessary. "We [at Berkshire Hathaway] have a lot of businesses," he said. "I don't think any of them are non-competitive in the world because of the corporate tax rate." Buffett has made many other statements over the years in which he has denigrated the idea that federal corporate tax rates matter when making corporate decisions.