Quote (fender @ Apr 2 2021 09:30am)
what part of "the overwhelming majority of the tax breaks went into stock buybacks, and not your fairy tale, countless times debunked, economic illiterate narratives about job creation" don't you get?
also, democrats are not the ones claiming they are "fiscally responsible", while not caring about the deficit at all when it comes to spending for their donors. the point is the hypocrisy and the dishonesty - something you're physically incapable of attesting republicans, lol. pathetic.
When the income is returned to shareholders it is taxed. Stock buybacks require a seller. The seller's proceeds are taxed as capital gains and the residual after-tax proceeds are either reinvested in the economy or consumed. So two takeaways, one, the government recoups a portion of the lost tax revenue anyway, and two, the non-recouped portion does end up back in the economy.