Buffett Offers Advice to Trump on Government Spending After Paying $26.8 Billion in Tax

Warren Buffett urged the administration to manage debt wisely and spend Berkshire’s record-breaking tax payment responsibly.

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks following the company's annual shareholder meeting in Omaha, Neb., on May 5, 2019. Nati Harnik/AP Photo

In his annual letter to shareholders, Warren Buffett reflected on Berkshire Hathaway’s successes over the past year while offering the Trump administration some advice on responsible stewardship of the U.S. economy.

“Thank you, Uncle Sam. Someday your nieces and nephews at Berkshire hope to send you even larger payments than we did in 2024. Spend it wisely,” Buffett wrote in the Feb. 22 letter.