{"id":2655,"date":"2026-06-11T17:51:00","date_gmt":"2026-06-11T17:51:00","guid":{"rendered":"https:\/\/wokeantifa.org\/topics\/new-analysis-firms-spend-4-8t-on-stock-buybacks-since-1st-trump-gop-tax-law\/"},"modified":"2026-06-11T17:51:00","modified_gmt":"2026-06-11T17:51:00","slug":"new-analysis-firms-spend-4-8t-on-stock-buybacks-since-1st-trump-gop-tax-law","status":"publish","type":"post","link":"https:\/\/wokeantifa.org\/topics\/new-analysis-firms-spend-4-8t-on-stock-buybacks-since-1st-trump-gop-tax-law\/","title":{"rendered":"New Analysis: Firms Spend $4.8T on Stock Buybacks Since 1st Trump-GOP Tax Law"},"content":{"rendered":"\r\n

Today, Americans for Tax Fairness<\/a> released a new analysis <\/a>revealing that 100 major corporations have spent $4.8T on stock buybacks since the 2017 Trump-GOP tax law. If the Stock Buyback Accountability Act<\/a>, introduced by Leader Schumer (D-NY), Senator Wyden (D-OR), and Senator Warren (D-MA), had applied, it could have raised nearly $200B. Ten companies accounted for more than $2T of the total.<\/p>\n

\u201cTrump and his billionaire-backed GOP allies in Congress sold their tax law as a way to raise pay for workers and spur investment, but all it did was enrich big businesses and elites,\u201d said David Kass, ATF\u2019s executive director. \u201cNow, executives and some of the wealthiest companies in the world are using stock buybacks that boost share prices and reward shareholders and themselves, not workers or long-term growth. We need the Stock Buyback Accountability Act to hold corporations accountable for the impact of buybacks on workers, investment, and the economy.\u201d<\/p>\n

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Source: Americans for Tax Fairness analysis of 10-K and S&P Global data<\/a><\/p>\n

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Today, Leader Schumer (D-NY), Senator Wyden (D-OR), and Senator Warren (D-MA) introduced the Stock Buyback Accountability Act, which would raise the stock buyback tax from 1% to 4% and close the netting loophole.<\/p>\n

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Source: Americans for Tax Fairness<\/a><\/p>\n

The post New Analysis: Firms Spend $4.8T on Stock Buybacks Since 1st Trump-GOP Tax Law<\/a> appeared first on Americans For Tax Fairness<\/a>.<\/p>\r\n
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 americansfortaxfairness.org Source link <\/a>\r\nAmericans for Tax Fairness released an analysis showing that 100 major corporations have spent $4.8 trillion on stock buybacks since the 2017 Trump-GOP tax law. The proposed Stock Buyback Accountability Act, introduced by Senators Schumer, Wyden, and Warren, could have generated nearly $200 billion in revenue. Over $2 trillion of these buybacks came from just ten companies. David Kass, ATF\u2019s executive director, criticized the tax law, claiming it enriched businesses and elites rather than benefiting workers. The new legislation aims to increase the stock buyback tax from 1% to 4% and close existing loopholes.","protected":false},"excerpt":{"rendered":"Today, Americans for Tax Fairness released a new analysis revealing that 100 major corporations have spent $4.8T on stock buybacks since the 2017 Trump-GOP tax law. If the Stock Buyback Accountability Act, introduced by Leader Schumer (D-NY), Senator Wyden (D-OR), and Senator Warren (D-MA), had applied, it could have raised nearly $200B. Ten companies accounted for more than $2T of…","protected":false},"author":91,"featured_media":2656,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_analytify_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[1148,1149],"class_list":["post-2655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-corporate-taxes","tag-economic-inequality"],"_links":{"self":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/posts\/2655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/comments?post=2655"}],"version-history":[{"count":0,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/posts\/2655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/media\/2656"}],"wp:attachment":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/media?parent=2655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/categories?post=2655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/tags?post=2655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}