Marco Rubio takes aim at stock buybacks

[Yo_Mama_Been_Loggin]

Republican Sen. Marco Rubio is backing a new proposal to tackle one of Democrats' favorite talking points: stock buybacks.

The plan would raise taxes on capital gains as a way to discourage companies from pursuing share repurchases. The goal is to reduce the difference between what investors pay on capital gains compared to dividends, which are taxed at individual income rates.

Rubio is the chairman of the Small Business Committee, which is releasing a report on the issue today. It argues that more equal rates would remove companies' incentives to buy back shares in the first place.

"Tax policy changes to end this preference might, on their own, increase investment by shifting shareholder appetite for capital return," the report states.

Instead, it suggests using the revenue from a higher capital gains tax to encourage capital investment. The current tax law — passed by Republicans in 2017 with Rubio's reluctant support — allows businesses to fully and immediately deduct their expenses, but the popular provision phases out after 2022. The new proposal would make that measure permanent and expand the types of investments eligible for the deduction.

The report calls the Tax Cuts and Jobs Act a "missed opportunity."

https://www.msn.com/en-us/money/markets/marco-rubio-takes-aim-at-stock-buybacks/ar-BBTtYKH?li=BBnbfcN

Lotsa luck little Marco

[JustAnotherGen]

1. He can go fuck himself

Sorry for the language but seriously? He's another one we (NJ tax payers) need to target to pass SALT 2019.

Thanks for the heads up that he's trying to dodge, deflect, and defer against the theft of bread off of working peoples' tables in blue states. He voted for the tax bill - now he can live with it.

[Wellstone ruled]

2. So,lets be clear,

this Tax give away is scaring the hell out of the Rethugs. Funny how Karma comes back the haunt one's stupid decisions.

Rubio is doing his gee what is going on here spew.

[erpowers]

3. Ban Stock Buybacks

Congress and the President should go all the way and ban stock buybacks. They artificially prop up a company's stock and they are used to give company CEOs bigger bonuses because their bonuses can be based on stock prices. Also, there is a chance that workers will get raises if companies cannot spend a portion of their profits on stock buybacks.