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Buffett: Berkshire more inclined to repurchase stock than pay dividends

NEW YORK, Feb 26 (Reuters) - Warren Buffett, chairman and CEO of Berkshire Hathaway Inc, said Berkshire, sitting on $116 billion of cash, is "more inclined" to repurchase stock than pay dividends as a means to use excess cash.

Buffett, speaking on CNBC TV on Monday, said the corporate income tax rate cut signed into law by U.S. President Donald Trump is a "huge tailwind" for U.S. companies and that it is "really good for Berkshire". (Reporting by Jennifer Ablan and Jonathan Stempel; Editing by Peter Graff)