Let’s call the GOP tax bill what it is: the ‘Tax Cuts for Shareholders’ Act

By Lenore Palladino

In the six weeks since the passage of the GOP tax plan, officially known as the Tax Cuts and Jobs Act, businesses have been lauded for announcements of wages and bonuses. Yet it’s corporate stock buybacks — the practice of companies spending their cash on buying back their own shares in order to raise share prices overall — that have truly skyrocketed.”…

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