Biden’s push to quadruple the tax on corporate stock buybacks could act as a stealth tax on people’s pension funds, explained Breitbart Economics Editor John Carney in an interview on Larry Kudlow’s eponymously named Fox Business show.
President Joe Biden’s push to quadruple the tax on corporate stock buybacks could act as a stealth tax on people’s pension funds, explained Breitbart Economics Editor John Carney in anof the one percent surcharge on stock buybacks during his State of the Union address, as Carney explained in Tuesday’s Breitbart Business Digest:
“They seem to believe that when you buy back a stock, the money sort of goes up in flames. It can’t get reinvested. They complain that it’s hurting growth. They say they want the money invested in growth and productivity. Guess what happens when you return money to shareholders? They invested in growth and productivity,” Carney explained.
“We actually don’t want companies going out wasting it on boondoggles,” Carney added. “It’s much better to distribute it out to shareholders [and] have the collective wisdom of the markets decide where the capital is going to go rather than some CFO or CTO deciding where the money’s going to go.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
WSJ News Exclusive | Oceanfront Hamptons Home Sells for Close to $35 MillionAn oceanfront Bridgehampton home that fetched more than $1 million a year as a rental has sold in an off-market deal for $35 million
Consulte Mais informação »
Why Biden's 4% buyback tax could boost stock prices and dividends'The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it,' writes Mark Hulbert.
Consulte Mais informação »
Biden hits on stock buybacks, need for oilPresident Joe Biden, as expected, just called for a billionaire minimum tax, along with quadrupling the tax on stock buybacks. Follow for live updates:
Consulte Mais informação »
Is Social Security income taxed by the IRS? Ask the lawyerThe IRS may tax your Social Security benefits, at least in part, but California does not.
Consulte Mais informação »
Biden to revisit 'billionaire minimum tax' in State of the Union addressPresident Joe Biden will renew his call for a 'billionaire minimum tax' during the State of the Union address on Tuesday. Here's what to expect.
Consulte Mais informação »