Warren Buffett rips Bush tax cuts

OMAHA, March 6 (UPI) -- Warren Buffett, the world's most successful investor, is ripping President Bush's tax cuts, CNN reported.

Buffett's comments were contained in the annual report he released Saturday to shareholders of his Berkshire Hathaway group.

"Tax breaks for corporations (and their investors, particularly large ones) were a major part of the administration's 2002 and 2003 initiatives," he wrote.

"If class warfare is being waged in America, my class is clearly winning."

Buffett, the second wealthiest man in the world, has been an occasional adviser to such Republican figures as California Gov. Arnold Schwarzenegger.