Buffett may trade stocks on result of tax plan

Warren Buffett said he’s following tax proposals in Congress and may be compelled to buy or sell shares in his investment portfolio based on the outcome of the legislation.

"We’ve got actions on both sides that we would take,” he said on CNBC Tuesday. Buffett added that he thinks Congress and President Donald Trump will succeed in cutting taxes.

The comment builds on remarks he made at Berkshire Hathaway’s annual meeting earlier this year. It’s also a rare admission from Buffett, who frequently said he focuses on the fundamentals of a business when he decides whether or not to hold an investment.

“We