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Wednesday, 12/15/2021 10:28:23 PM

Wednesday, December 15, 2021 10:28:23 PM

Post# of 13137
Here is a reason more stock buybacks could occur before the end of the year:

“In President Biden’s roughly $2 trillion Build Back Better Act, which narrowly passed the House on Friday but faces a tough fight in the Senate, Democrats have proposed a 1 percent tax on stock buybacks.”

https://www.nytimes.com/2021/11/19/business/biden-tax-buyback-stock.html

The vote is due in 10 days, therefore the explanation that doing a share buyback prior to the signing of the bill makes the most sense since the 1% tax would likely not be retroactive to previous share purchases.

my posts are always theory and not financial advice

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