Record Corporate Profits, Record Stock Buybacks, and the Plan to Tax Them
As corporations blow record sums repurchasing their stock to inflate CEO pay, Congress is advancing a tax aimed at curbing this harmful practice.
As corporations blow record sums repurchasing their stock to inflate CEO pay, Congress is advancing a tax aimed at curbing this harmful practice.
Over the last 15 years, 94 percent of corporate profits have gone to shareholders in the form of buybacks and dividends, instead of to workers and their families.
Political organizations hide their pro-finance politics under the cloak of bipartisanship while they rake in funding from corporate interests.
The tax legislation passed last year gives the financial industry plenty of reasons to celebrate.