There you go - DC at its best - two guys that have no clue how to run a public company and never held a real job deciding how to handle complicated capital allocation decisions - nationalization is the future.
i agree! i am all for prosperity and probusiness, but this entire buy back thing has only benefited the corporations and the executives with stock price bonuses. the cash reserved is evident. sure my 401k has grown a little, but im sure it is nothing like the executives.
Let’s ask Tim Cook what he thinks about getting business advice from Sanders and Schumer?
The government has no business telling businesses how to run their businesses. What is the business track records of Schumer and Sanders? What do they know other than how to get people to vote against their own interests and vote for them?
Shock! Dem Socialists bad for capitalism!
Good! Hopefully,the rich assholls loose as much as possible money! It’s time for wealth redistribution!!!!!!!
WRONG!!! Corporations will be forced to hire more which ultimately boost economy. Have you gone shopping lately Long lines? No one to help!!? That’s because they spend all their money to buy back stocks and cut payroll
What the alternative? Have big companies just hoard cash like Apple? Not sure this helps anyone. If you want to help lower and midddle class enable real legislation like minimum wage fair wage laws. Also equity participation for everyone not just C Suite.
Not happening.
Stock buybacks should be restricted to free cash flow. Companies should not be allowed to borrow money for buybacks and dividends.
One of the most STUPID ideas ever heard in modern financial history.... The problem of COMMUNISM and SOCIALISM getting where they DO NOT (and will never) belong !!!
Bolsheviks are in rare form today
It will never pass the senate period.
I question the wisdom of restricting corp. buybacks and dividend payments. These are the very mechanisms that increase share value in the hands of small investors trying to increase their own income and wealth. $NDX $SPX $DJIA StockMarkets
Rather than arbitrarily punishing private businesses (which includes multi-national corporations), Congress should consider incentivizing them to do good stuff. INCENTIVE, not punitive.
Ahh the R’s control Senate this proposal is DOA
You mean less of a fake pumped market?
What on Earth makes you think this will pass? It's almost as if the media forgot that the GOP kept control of the Senate.
Who benefits from stock buybacks?
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