Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.
A POLITICO review of data disclosed in SEC filings shows the executives, who often receive most of their compensation in stock, have been profiting handsomely by selling shares since Trump signed the law on Dec. 22 and slashed corporate tax rates to 21 percent. That trend is likely to increase as Wall Street analysts expect buyback activity to accelerate in the coming weeks.
“It is going to be a parade of eye-popping numbers,” said Pat McGurn, the head of strategic research and analysis at Institutional Shareholder Services, a shareholder advisory firm.In other words, the Republican wealthfare tax law is working precisely as desired and as predicted by everyone not a Republican (see links here, here, here, ad nauseam).
So what about the
Spoiler alert: Suckers!
Just stick with the Republicans and their sociopathic party- before- country, comfort the comfortable / afflict the afflicted politics. Yeah, that'll work out well for you (if you're a corporate CEO).Wages were supposed to rise after Trump's tax cuts. Instead, they’ve fallen https://t.co/LactYzTE7a via @bopinion pic.twitter.com/qUdfYQK1En— Bloomberg (@business) July 21, 2018
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