Rep. Kustoff Introduces the Protecting American Savers and Retirees Act
January 28, 2025
January 28, 2025
WASHINGTON, Jan. 28 -- Rep. David Kustoff, R-Tennessee, issued the following news release on Jan. 27, 2025:
Congressman David Kustoff (R-TN) introduced the Protecting American Savers and Retirees Act in the House of Representatives. This bill will repeal the excise tax on stock buybacks by publicly traded companies.
The stock buyback tax, which was created in 2022 through Joe Biden's Inflation Reduction Act, is a poorly designed tax that restricts domestic investme . . .
Congressman David Kustoff (R-TN) introduced the Protecting American Savers and Retirees Act in the House of Representatives. This bill will repeal the excise tax on stock buybacks by publicly traded companies.
The stock buyback tax, which was created in 2022 through Joe Biden's Inflation Reduction Act, is a poorly designed tax that restricts domestic investme . . .