Record Stock Buybacks Bolster Case for Raising Corporate Tax Rate – Chuck Marr/CBPP

“…the corporate rate cut overwhelmingly benefits high-income people and has failed to deliver to workers the benefits its proponents promised. The fact that it also launched massive buybacks is a further reason why policymakers should revisit the rate cut next year — part of the larger course correction needed in the nation’s revenue policies as major pieces of the 2017 law expire.”

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