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Mayor Pete's Plan To Punish US Business
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<blockquote data-quote="bacha29" data-source="post: 4240813" data-attributes="member: 58386"><p>Over 800 billion most coming from tax cuts were spent last year on buybacks.Remember all the talk about how companies would use the tax savings on R&D and expansion? Cap ex and R&D budgets are still about the same ,simply adjusted a bit for inflation. More importantly buybacks are what drove the market last year . They're down some this year with expectations of a recession next year is being given as the reason for reduced purchases.</p></blockquote><p></p>
[QUOTE="bacha29, post: 4240813, member: 58386"] Over 800 billion most coming from tax cuts were spent last year on buybacks.Remember all the talk about how companies would use the tax savings on R&D and expansion? Cap ex and R&D budgets are still about the same ,simply adjusted a bit for inflation. More importantly buybacks are what drove the market last year . They're down some this year with expectations of a recession next year is being given as the reason for reduced purchases. [/QUOTE]
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