Buffett, the billionaire investor who runs Berkshire Hathaway (BRKA), said Tuesday at Fortune's Most Powerful Women Summit in Washington that the nation's tax code "has gotten distorted to a huge extent," by levying higher taxes on secretaries and janitors than on CEOs and private equity whiners.
A tax cut for low-income people could boost consumer spending at a time of high unemployment and fading government stimulus funds. But such a shift might not play well with the Tea Party types who have made an issue of the fact that 47% of U.S. households paid no federal income tax last year.
The White House budget director, Russell Vought, said on Friday that the Trump administration will freeze...
Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks...
