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Taxing Share Buybacks: The Cheapest Tax EVER!

Article Dean Baker’s Beat the Press

Taxing Share Buybacks: The Cheapest Tax EVER!

I just saw a piece touting the tax on share buybacks as the basis of the investment boom we are seeing in factory construction. I’m a bit skeptical on that one, I think the incentives provided by the CHIPS Act and the Inflation Reduction Act (IRA) are a far bigger deal, but if taxing buybacks gave a little extra kick, I’m fine with that.

By Dean Baker

Will Biden Invoke the 14th?

Article Dean Baker’s Beat the Press

Will Biden Invoke the 14th?

Many of us have underestimated Biden before. He managed to get an amazing amount of important legislation through a 50-50 Senate and with only a narrow Democratic majority in the House. It doesn’t seem likely he would walk into negotiations with a Republican Speaker indebted to the party’s biggest loons without a backup plan.

By Dean Baker