As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cuts Eleven top US consumer goods corporations spent more than three times more on share buybacks than they did on taxes, using their savings from the 2017 Donald Trump tax cuts to supercharge purchases that enriched investors instead of lowering prices on goods essential to daily life, according to a new report. The findings are part of a new analysis of company filings by the Gr...
Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report
The Guardian - 9 Apr 2025 13:00
As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cuts Eleven top US consumer goods corporations spent more than three times more on share buybacks than they did on taxes, using their savings from the 2017 Donald Trump tax cuts to supercharge purchases that enriched investors instead of lowering prices on goods essential to daily life, according to a new report. The findings are part of a new analysis of company filings by the Gr...
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