Why Biden Wants to Quadruple Buyback Tax. It’s a Potent Political Issue

Why Biden Wants to Quadruple Buyback Tax. It’s a Potent Political Issue

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President Joe Biden is calling for a 4% tax on corporate stock buybacks in his State of the Union address Tuesday night, according to the White House. The proposal would quadruple the current 1% buyback tax, which was passed as part of the Inflation Reduction Act last August and took effect at the…

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