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Published 1 year ago

Companies See Democrats’ New Tax on Stock Buybacks as Cost of Doing Business

Summary by Ground News
A new tax created by Democrats to slow a record pace of stock buybacks has been largely shrugged off by corporations. The tax on publicly listed corporations was created in President Joe Biden's signature tax and climate plan. The desire to use free cash to buy back shares appears to be stronger than any deterrent.

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  • 50% of the sources lean Left, 50% of the sources are Center
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