President Biden wants to increase the taxes on those buybacks.
Corporations prefer stock buybacks Corporate America has wide latitude on what it does with the cash flow it generates.
Excess cash will typically fall into three buckets: buybacks, dividends and capital expenditures.
Capital expenditures $597 b.
"However, if economic growth momentum instead continues to build, investors may begin to increasingly reward companies that are investing for growth," Goldman said.
Persons:
Biden, Goldman Sachs Jeffrey Yale Rubin, Goldman Sachs, Goldman, Tesla, Meta, Biden's, Howard Silverblatt, Silverblatt
Organizations:
America, buybacks, Birinyi, P Global
Locations:
buybacks, America