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A Stock Buyback Tax Is Added to the Inflation Bill. What That Means for Apple, Meta, and Microsoft.

·4 min read
A Stock Buyback Tax Is Added to the Inflation Bill. What That Means for Apple, Meta, and Microsoft.
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Kyrsten Sinema, the moderate senator from Arizona, reaches a deal with Democratic leadership to support the Inflation Reduction Act. The compromise could impose a 1% excise tax on stock buybacks.