By Dan Calabrese —— Bio and Archives--March 1, 2018
Democrats thought they had a strong argument when they said the only thing corporations would do with their tax savings was to buy back shares of stock from shareholders. As it's turned out they've done a lot more than that with the money, but to be sure, they're buying back stock at a faster rate than we've seen in a very long time:
U.S. corporations have announced more than $218 billion in share buybacks since Congress enacted the Republican tax overhaul in December, an investment research firm said on Wednesday.
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