Warren Buffett believes that the corporate tax reform is very bullish for the US stock market, and more importantly, isn't fully priced in to stock prices.
“The tax act is a huge factor in valuation,” he said on CNBC's “Squawk Box” on Wednesday. “You had this major change in the silent stock holder in American business who has been content with 35 percent… and now instead of getting 35 percent interest in the earnings they get a 21 percent and that makes the remaining stock more valuable.”
