Tim Mullaney: Now we know where the tax cut is going: Share buybacks [MarketWatch]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: MarketWatch
Opinion: Now we know where the tax cut is going: Share buybacks Wherever Donald Trump’s tax cut was going, not much of it was going to ordinary families, and that not for long, since the individual-tax-cut part of the law expires at the end of 2025, in order to keep its handouts to corporations and small-business owners from shooting the federal deficit to Uranus rather than just to Mars. (Where it can catch a ride home, one presumes, in the Tesla that Elon Musk just shot into space). But now, courtesy of Goldman Sachs, we know where the tax cut is really going. Surprise! It’s paying for stock repurchases by corporations, as Corporate America despairs of investing in much other than dividing the pie provided by near-record profitability into fewer and larger pieces. Buyback announcements are up 22% this year to $67 billion in just six weeks, Goldman said in a note to clients. This follows a report by benefits consulting firm Aon Hewitt finding that 83% of large companies don’t expect
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Earnings
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Sec Filings
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- 4/23/24 - Form DEFA14A
- TSLA's page on the SEC website