Dems hit stock buybacks in tax law fight

[turbinetree]

Democrats are emphasizing companies' stock buybacks to help make their case against the GOP tax law ahead of the midterm elections.

The law is becoming more popular with the public and companies are touting employee bonuses, putting Democrats in a tough spot. That's led them to highlight stock repurchasing announcements, which they say show the law's benefits to wealthy shareholders and corporate executives dwarf any benefits to the middle class.

Republicans counter that stock buybacks also help middle-class Americans with retirement accounts and result in capital being reinvested in the economy.

The issue is quickly taking center stage in the election-year fight over the tax law.

thehill.com/policy/finance/domestic-taxes/374324-dems-hit-stock-buybacks-in-tax-law-fight

I just wonder what Grover Norquist or Orrin "fucking" Hatch has to say to human beings that have 401(k;s) when a company goes bankrupt----------------------ask the TWA employees, or the Eastern airline employees, Continental employees, US Airways, Pacific Southwest Airlines, not the pension but the 401(k) 's they had ---------FUCK Him and the horse he rides in on.................asshole

[SWBTATTReg]

1. Here we go ... companies are using this money for purely their own benefits...

Pump up their stock prices and keep the markets artificially going higher and higher.

This tax cut law is purely an artificial means of boosting the economy, and doesn't reward those who truly take a risk in their business endeavors to strengthen their stock by strengthening their business models (instead of throwing money into buying their stock instead).

What happens when a business misspends its money on buying stock instead of new equipment etc.? They'll miss the boat and then be hammered (rightfully so), because of improving their business models, they skipped a step and boosted their stock price artificially.

[WhiteTara]

2. Walmart just let go l000s of senior level management and

replaced them all with assistant managers who of course, make pennies on the dollar.

[SWBTATTReg]

3. Figures...I've never trusted Walmart to treat their managers rightly so...

My sister works there, seems to have to work all kinds of hours and puts up w/ a lot. Oh well, she'll be eligible for retirement soon.