The White House promised ’70 percent’ of the tax cut would go to workers. It didn’t. Trickle down #economics at work: "#Stock repurchases hit nearly $190 billion in the first quarter for … Continue reading What did corporate America do with that tax break? Buy record amounts of its own stock – not raise wages.
Corporate executives are using tax cuts and share buybacks to pad their own compensation, a top regulator said Monday. Duh, it’s the reason why the stock market is up. Companies are not … Continue reading SEC official: Clamp down on officials who cash in on stock buybacks