Tax on Stock Buybacks a Misguided Way to Encourage Investment

Stock buybacks have gained a bad rap in recent years as policymakers have blamed them for a range of economic ills, from encouraging a focus on short-term profits to reduced investment. Now, Senators Ron Wyden (D-OR) and Sherrod Brown (D-OH) have targeted buybacks for a 2 percent excise tax in the reconciliation package. But research […]