Brown, Wyden Introduce Legislation to Increase Tax on Stock Buybacks
February 15, 2023
February 15, 2023
WASHINGTON, Feb. 15 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
U.S. Senators Sherrod Brown (D-OH) and Ron Wyden (D-OR) introduced the Stock Buyback Accountability Act of 2023, which would increase taxes a publicly-traded company spends on buying back its own stock from one percent to four percent. This will help reinvest in the economy, while also preventing abuse and reducing tax avoidance, both of which are significant risks from stock buybacks. Brown and Wy . . .
U.S. Senators Sherrod Brown (D-OH) and Ron Wyden (D-OR) introduced the Stock Buyback Accountability Act of 2023, which would increase taxes a publicly-traded company spends on buying back its own stock from one percent to four percent. This will help reinvest in the economy, while also preventing abuse and reducing tax avoidance, both of which are significant risks from stock buybacks. Brown and Wy . . .