Warren Buffett Admits: “I Build Wind Turbines To Lower My Corporate Taxes”

Quixotes Last Stand

Michael Bastasch — The Daily Caller — May 5, 2014

Billionaire Warren Buffett would do anything to lower the tax rate of his company Berkshire Hathaway, including building unprofitable wind turbines to get federal government tax credits.

“I will do anything that is basically covered by the law to reduce Berkshire’s tax rate,” Buffett told an audience in Omaha, Nebraska this weekend. “For example, on wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”

The Wall Street Journal reported that investors made their way to Omaha to hear Buffett speak on “markets and the world.” Buffett made waves during President Obama’s re-election when the White House adopted the “Buffett Rule” as part of his campaign.

The infamous “Buffett Rule” would have the wealthy should pay a minimum tax of…

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