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.
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.