Stock Buybacks Aren’t Slowing Down. Here’s Why.

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Politicians hate stock buybacks. Companies love them—and right now they show no signs of stopping.

Yes, buying back stock might seem difficult for companies right now. President Biden, in his State of the Union address, said he would propose a 4% tax on buybacks, up from the current 1%. The idea is to make buybacks more expensive and force companies to reinvest in their businesses instead.