The Florida Republican and former presidential candidate, according to CNBC, would reduce the incentives for buybacks by raising “taxes on capital gains as a way to discourage companies from pursuing share repurchases,” with the aim of shrinking the difference between “what investors pay on capital gains compared to dividends, which are taxed at individual income rates.” Both side of the aisle have someone wanting increase taxes on capital gains! That is scary for US traders and investors... United States politicians are trying really hard to screw up there economy it seems, from Green Deal to higher taxes on everything, more taxes on capital gains and yearly wealth tax ? New Jersey is signing a bill to tax rain https://moneyandmarkets.com/new-jersey-democrats-rain-tax/
Stock buybacks have been propping up this market for years.....without stock buybacks the markets would be alot lower, but of course no one would believe that one...all these high earnings year over year are in part of stock buybacks. Most compnies would have stagnant earnings year over year, but thanks to trillions of dollars worth of buybacks the ultimate prop job after fed intervention has been stock buybacks!!! And just to let everyone know...stock buybacks were once ILLEGAL!!!