Analysts say they expect total buybacks this year to approach levels unseen since shortly after Republicans slashed the corporate tax rate as part of their 2017 tax cuts
The surge mostly predates the tax proposal, which Democrats are now turning to after Sen. Kyrsten Sinema balked at theirStock buybacks became a potent political symbol in the wake of the Republicans’ 2017 tax overhaul, especially among progressives.
Corporate executives “too often use [buybacks] to enrich themselves rather than investing in workers and growing their businesses,” the White House said in a summary of the tax.is too small to stem buybacks, a spokesperson for Sen. Sherrod Brown , who is sponsoring the proposal, emphasized the importance of just getting it on the books.
“If CEOs want to continue padding their own pockets at the expense of workers, they’ll have to help pay for the investments Democrats are making.”They can plow it into research and development and other investments. They can pay workers more. They can buy other businesses. They can issue dividends, which are payments to shareholders. And they can buy back shares.make the remaining shares more valuable, boosting their earnings-per-share ratio, a key metric on Wall Street.
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