Business

Warren Buffett’s Richline Group looking for tax break from state

Warren Buffett’s Berkshire Hathaway owns Richline Group Inc.
Warren Buffett’s Berkshire Hathaway owns Richline Group Inc.Credit:

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Warren Buffett may be an outspoken advocate for higher taxes on wealthy Americans like himself. But his companies are not shy about asking for a tax break.

Richline Group Inc., a subsidiary of Buffett’s Berkshire Hathaway Inc., has requested tax credits from the state in order to invest in an Attleboro jewelry manufacturing plant. Richline has promised to create 100 new jobs and spend $3.6 million to upgrade the plant if it gets a little financial lift from the state.

The Massachusetts Economic Assistance Coordinating Council will vote on the request from Richline and nearly 20 other companies at its Wednesday meeting. Buffett has grabbed headlines in recent years for his political position on taxes, as much as his legendary financial acumen.

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