Stock Buybacks

bacha29

Well-Known Member
To the surprise of no one Senator Marco Rubio has come out in support of a Democratic plan to change the tax treatment of stock buybacks treating the gains as non-qualified dividends removing the tax cap on capital gains. Why? Very simple. He now sees the same thing many others have been pointing out.....Too much of the tax savings spent on stock buybacks nowhere near enough spent on product development and hiring for which the tax cut was specifically intended.

The abuses have to get pretty darn bad for a pro business Republican like Rubio to get involved. Then again what has happened is EXACTLY what opponents of the tax cut said was going to happen.
 

Old Man Jingles

Rat out of a cage
To the surprise of no one Senator Marco Rubio has come out in support of a Democratic plan to change the tax treatment of stock buybacks treating the gains as non-qualified dividends removing the tax cap on capital gains. Why? Very simple. He now sees the same thing many others have been pointing out.....Too much of the tax savings spent on stock buybacks nowhere near enough spent on product development and hiring for which the tax cut was specifically intended.

The abuses have to get pretty darn bad for a pro business Republican like Rubio to get involved. Then again what has happened is EXACTLY what opponents of the tax cut said was going to happen.
Day late and a dollar short.
These stock buybacks have already occurred and would not be subject to a new law.
 

Box Ox

Well-Known Member
Day late and a dollar short.
These stock buybacks have already occurred and would not be subject to a new law.

Not necessarily. The Republicans will try to do another big/unnecessary corporate tax cut/giveaway at some point. It’s their big play. We’ll all be glad the new law is in place.
 

Turdferguson

Just a turd
SO WE WANT COMPANIES TO GO BACK TO THE PRACTICE OF KEEPING PROFITS OVERSEAS?
Which type fallacy is this
logical-fallacy-examples-6-638.jpg

Or this one
logical-fallacy-examples-15-638.jpg
 

Old Man Jingles

Rat out of a cage
To the surprise of no one Senator Marco Rubio has come out in support of a Democratic plan to change the tax treatment of stock buybacks treating the gains as non-qualified dividends removing the tax cap on capital gains. Why? Very simple. He now sees the same thing many others have been pointing out.....Too much of the tax savings spent on stock buybacks nowhere near enough spent on product development and hiring for which the tax cut was specifically intended.
If this will actually incent companies/corporations
to invest in more employees and capital expenditures, I am in 100%.
 

bacha29

Well-Known Member
SO WE WANT COMPANIES TO GO BACK TO THE PRACTICE OF KEEPING PROFITS OVERSEAS?
1.2 trillion in buybacks since tax cut plan was implemented. When you're in business not to create employment but to create profits and shareholder equity and the fastest cheapest safest way to do it is through buybacks and you now have the money to do it and compared to the risks associated with the R&D way of doing it, it simply doesn't take an economist to figure out what was going to happen .
 
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