Reuters: U.S.

Sunday, February 18, 2018

News Alert: Dems hit stock buybacks in tax law fight

 
 
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Dems hit stock buybacks in tax law fight
Democrats are emphasizing companies' stock buybacks to help make their case against the GOP tax law ahead of the midterm elections.

The law is becoming more popular with the public and companies are touting employee bonuses, putting Democrats in a tough spot. That's led them to highlight stock repurchasing announcements, which they say show the law's benefits to wealthy shareholders and corporate executives dwarf any benefits to the middle class.
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