Barrons.com
Companies Keep Buying Back Their Shares. These Stocks Are Worth a Look.
President Biden, in his State of the Union address, said he would propose a 4% tax on buybacks, up from the current 1%. The idea is to make buybacks more expensive and force companies to reinvest in their businesses instead. Total spending on share buybacks by companies is on pace to hit $900 billion this year, according to LPL Financial, just a touch lower than it was in 2022, when companies spent $922 billion.
Source: finance.yahoo.com
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