Sens. Brown, Wyden Unveil Major New Legislation to Tax Stock Buybacks
September 11, 2021
September 11, 2021
WASHINGTON, Sept. 11 -- Sen. Sherrod Brown, D-Ohio, issued the following news release on Sept. 10, 2021:
U.S. Senators Sherrod Brown (D-OH) and Ron Wyden (D-OR) unveiled new legislation to prioritize real investment in the economy over Wall Street shareholder giveaways in the form of stock buybacks. The senators' Stock Buyback Accountability Act would assess a two percent excise tax on the amount spent by a publicly-traded company on buying back its own stock, helping to reinve . . .
U.S. Senators Sherrod Brown (D-OH) and Ron Wyden (D-OR) unveiled new legislation to prioritize real investment in the economy over Wall Street shareholder giveaways in the form of stock buybacks. The senators' Stock Buyback Accountability Act would assess a two percent excise tax on the amount spent by a publicly-traded company on buying back its own stock, helping to reinve . . .