The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

However, companies have instead used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. Buybacks reduce the number of shares on the market, immediately increasing the value of the shares that investors already hold.

What did corporate America do with that tax break? Buy record amounts of its own stock

bizgrrl's picture

Me thinks many of us thought

Me thinks many of us thought that was what they would do with the money.

We may have low unemployment, but it is, IMO, an unstable economy.

R. Neal's picture

Shareholders are people too!

Shareholders are people too! /snark

schull's picture

hashtag shareholder lives

hashtag shareholder lives matter?

yellowdog's picture

In capitalism

you bet they do.

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