Senate Democrats Seek 4% Stock Buyback Tax, Quadrupling Current 1% Levy
Updated
Updated · The Washington Post · Jun 11
Senate Democrats Seek 4% Stock Buyback Tax, Quadrupling Current 1% Levy
1 articles · Updated · The Washington Post · Jun 11
Summary
Senate Democrats introduced a bill to raise the federal excise tax on corporate stock buybacks to 4% from 1%, sharply increasing the cost of repurchases.
The proposal targets a practice Democrats say enriches CEOs and executives, using higher taxes to discourage companies from buying back their own shares.
If enacted, the measure would quadruple the current levy on buybacks and intensify a broader Democratic push to steer corporate cash away from shareholder payouts.