Buffett’s Richline Group Looking for State Tax Break

Sure, Warren Buffett is certainly an outspoken advocate for the wealthy to pay higher taxes in America. But some of his companies are certainly not shy about requesting a tax break.

Berkshire Hathaway subsidiary Richline Group Inc. has just asked the state for tax credits which it will use to invest in an Attleboro jewelry manufacturing plant. In return, the company says that it will create 100 new jobs and spend about $3.6 million when it upgrades its plant as long as the state provides it with a financial tax lift.

During this meeting on Wednesday, The Massachusetts Economic Assistance Coordinating Council will vote on Richline’s request as well as the request of 20 other companies. In recent years, Warren Buffett has been in the headlines due to his position on taxes as well as his financial acumen.

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