Appaloosa Management's David Tepper said tax cuts were too steep and likely borrowed economic growth from the future.
Tepper made the comments on CNBC's "Halftime Report" on Wednesday.
The billionaire's $9 billion hedge fund holds stakes in Micron Technology, Facebook and Alibaba and added six new positions in the second quarter, including KeyCorp and Symantec.
This is a breaking news story. Check back for updates.
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