The Inflation Reduction Act includes a 1% Stock Buybacks Tax!

Corporate executives spent $881 billion last year alone using this trick to inflate stock prices and CEO pay, instead of investing in workers, wages, and innovation. The result increases the racial wealth gap while doing nothing to add real value to the company. It’s a trick Wall Street loves for juicing the stock market.

A Stock Buybacks Tax will disincentivize stock buybacks for even happening, and when corporations still do it, this tax will make sure working families get some benefits from it through increased funding for fighting climate change and expanding healthcare nationwide.

Write your Senators! Tell them to pass the Inflation Reduction Act with the Stock Buyback Tax.

https://ourfinancialsecurity.org/?link_id=4&can_id=96ca627017cea4c6d1a6cc2480b3c1bd&source=email-re-stock-buybacks-tax-is-a-big-win-now-make-sure-it-happens&email_referrer=email_1627099&email_subject=re-stock-buybacks-tax-is-a-big-win-now-make-sure-it-happens

southbeachguy · 46-50, M

Stock buybacks are just a sometimes more tax efficient way of increasing stock prices. You can pay a dividend, you can buy other companies to increase your earnings. The angst towards stock buybacks is from people are not well informed market participants. For those that are well informed they understand in general companies do a horrible job of timing often buying high not low on buying back shares. Stock buybacks do little to widen any wealth gap, the wealth gap is widened by the simple fact that the more money people have the more they invest.