Warren Buffett went to bat for Donald Trump’s economic policy in an interview Wednesday on Bloomberg Television.
The chairman and CEO of Berkshire Hathaway spoke with Bloomberg Television’s David Westin on a range of topics — including Trump’s tax policy, Hillary Clinton’s emails, income inequality and organized labor.
Here are the highlights from that interview:
On Donald Trump’s Tax Policy
“He’s going to spell out his economic program sometime in the next few weeks. I wouldn’t be surprised if I agree with quite a bit of [Trump’s] economic program,” Buffett told Bloomberg TV. Adding, “Well just from what he’s said, in terms of he thinks the rich should pay more.”
Trump has said he believes the rich should be taxed more and the middle class less. His proposal also includes eliminating the carried interest tax loophole.
“He thinks that carried interest should be treated instead as regular income, it’s just like they would be if they were investment advisors or anything of the sort,” Buffett said. Adding, “In terms of tax policy, I haven’t heard him say anything yet that I disagree with, yes.”
On Clinton’s Email Woes and Economic Outlook
Buffett, who has publicly backed Clinton, commented on how the presidential candidate has handled her private email server controversy.
“It hasn’t been handled well, but I’ve handled some things badly in my life, too,” he said. “You don’t want to have too many of them, but I do not consider that determinative at all of the kind of the person she would be as president.
Buffett said he still believes in her ability to lead the country.
“I believe that she has a vision for America that’s very similar to mine in terms of everybody included in the prosperity we enjoy,” he told Bloomberg TV. “And I think that she would work very, very hard at getting policies implemented that would lead to that. So that’s what really counts. I have made so many mistakes. Unless we’re going to put on a four-hour special, we’re not going to get to them all.”