Congressman Chuy García

@RepChuyGarcia ↗

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Last Checked Dec. 1, 2022

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Fri Oct 07 18:17:59 +0000 2022

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Congressman Chuy García @RepChuyGarcia

@IPS_DC found that a majority of low-wage firms spent billions on stock buybacks while cutting worker pay. Like @Lowes. It used its profits to spend $13 billion in 2021 on stock buybacks while median worker pay dropped by 7.6% https://t.co/5MHq4spLvg — PolitiTweet.org

Posted Oct. 7, 2022

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Congressman Chuy García @RepChuyGarcia

@AbbottNews used profits to buy back its stock instead of replacing faulty equipment that experts believe caused dangerous bacteria to seep into infant nutritional products, killing 9 babies, poisoning more, and causing an ongoing formula shortage https://t.co/RWww0gApyv — PolitiTweet.org

Posted Oct. 7, 2022

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Congressman Chuy García @RepChuyGarcia

Stock buybacks worsen the racial wealth gap. Latino & Black households own <1% of the total stock market value while white households own 90%. White households benefit disproportionately when megacorporations buy back their stock & inflate its price https://t.co/o5Ms1xqxGc — PolitiTweet.org

Posted Oct. 7, 2022