Ben Popken

@bpopken ↗

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Last Checked April 15, 2020

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Fri Mar 27 00:30:47 +0000 2020

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Ben Popken @bpopken

Companies instead mainly used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. — PolitiTweet.org

Posted March 27, 2020

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Ben Popken @bpopken

Some companies did use part of the tax cut to give their employees a one-time cash bonus, allowing them to benefit workers without raising the company's fixed costs. However, employees pay a higher tax on bonuses as supplemental income. — PolitiTweet.org

Posted March 27, 2020

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Ben Popken @bpopken

During 2018, S&P 500 companies gave their shareholders a record $1 trillion in the form of buybacks and dividends, led by Apple, Cisco Systems, and other technology giants. — PolitiTweet.org

Posted March 27, 2020