From CNBC here:
Indeed, T-Mobile,Home Depot, Bank of America and Mastercard all announced significant repurchase intentions this week. Home Depot led the way with a $15 billion buyback after it raised its long-term sales target.
While the recent spate of buyback announcements is a small sample size, it brings back memories of the last time Congress tried to bring back cash overseas through a tax holiday.
What a bunch of hypocritical, fucking liars. Nothing about this tax cut is about normal Americans. They’re going to take that money and buy their own shares back to make themselves rich.
This is just legalized corruption by a bunch of corporate jerkoffs.