The Virtues of Stock Buybacks

Through Jesse M Fried and Charles CY Wang

A 1% tax on share buybacks is set to go into effect as part of the anti-inflation bill just passed by the Senate. This is a victory for critics of buybacks, including many Senate Democrats, who have long argued that buybacks are overkill.

But these critics are dead wrong. If anything, American companies should buy back more shares. Taxing buybacks will increase corporate bloating, lead to higher CEO salaries, hurt employees and reduce innovation in the economy. The Virtues of Stock Buybacks

Alley Einstein

Alley Einstein is a USTimesPost U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Alley Einstein joined USTimesPost in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing

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