Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report

By The Guardian   |   1 month ago
Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report

A report reveals that top US corporations spent more on share buybacks than taxes after the 2017 tax cuts, benefiting investors over consumers. Trump's proposed new cuts could further incentivize this trend, widening wealth inequality. Calls for stricter regulations on buybacks to address economic inequality.

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