Maximizing CHIPS Subsidy Benefits for Workers — Not CEOs
Commonsense guardrails are needed to protect taxpayers dollars from wasteful stock buybacks and excessive CEO pay.
Natalia Renta
Progressive Democrats Call for Stronger CHIPS Subsidy Guardrails to Prevent Wasteful Stock Buyback Spending
A new report reveals that chipmakers in line to receive massive subsidies could’ve given $27,000 annual bonuses to 300,000 employees with the money they blew on buybacks over the past five years.
Congress Takes Historic Step to Tax Stock Buybacks
This provision of the Inflation Reduction Act will discourage corporations from siphoning resources from worker wages and productive investments for share repurchases that inflate CEO pay.