Congressman Chuy García

@RepChuyGarcia ↗

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Last Checked Dec. 1, 2022

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Fri Oct 07 18:18:00 +0000 2022

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Congressman Chuy García @RepChuyGarcia

The Reward Work Act repeals a Regan-era SEC rule that legalized stock buybacks in ‘82. Before that, stock buybacks were rightfully considered market manipulation. The bill also empowers workers by requiring that public companies allow workers to directly elect 1/3 of their boards — 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

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Congressman Chuy García @RepChuyGarcia

It’s time we stop allowing corporate executives to make millions by buying back their own stock and demand big corporations invest in their workers and equipment instead. — PolitiTweet.org

Posted Oct. 7, 2022