Parasitism and ‘tax reform’: Trump’s corporate tax cuts fuel stock buybacks, not investment

By Gabriel Black

“In the 10-plus weeks since President Donald Trump signed into law his $1.5 trillion tax cut for corporations and the rich, US companies have funneled the vast bulk of their windfalls into stock buybacks rather than using it, as promised by the White House, to invest in production, jobs and higher wages for workers.”…

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