Stock buybacks are here to stay

Stock buybacks are here to stay

During the 12 months ending June 30, S&P 500 companies have spent a record $1 trillion buying back their own stocks, according to the S&P Dow Jones Indices. But in January, a new 1% tax on buyouts could dampen the appetite of American businesses. S&P Dow Jones estimates the tax would cut corporate profits by …

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