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WASHINGTON (AP)—Democrats have pulled off a quiet first in their newly signed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable.
Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of corporate America that had long seemed untouchable.
Democrats have pulled off a quiet first in legislation passed this month: the creation of a tax targeting stock buybacks. The bill includes a new 1% excise tax on companies’
Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe Biden is scheduled to sign into law Tuesday, companies will face a new 1%…
A looming deadline could mean a flurry of buybacks in the months ahead.