Tell Congress: Pass the Stock Buyback Accountability Act

Corporations got Trump’s tax cuts — then spent trillions making their wealthy shareholders even richer.

A new analysis found that 100 of the largest U.S. corporations have spent $4.8 trillion on stock buybacks since Trump’s 2017 tax law. That money could have gone to higher wages, lower prices, better benefits, safer workplaces, or stronger communities.

Instead, it went to Wall Street.

Now Congress has a chance to fight back. The Stock Buyback Accountability Act would raise the tax on stock buybacks from 1% to 4% and make corporations pay more when they choose shareholders over workers.

Tell Congress: Pass the Stock Buyback Accountability Act and stop rewarding corporations for putting Wall Street first.

Stock buybacks let corporations inflate their own share prices while families struggle with groceries, rent, childcare, healthcare, and utility bills. Executives whose compensation is tied to stock prices can cash in. Wealthy investors cash in. Workers and consumers get left behind.

That’s not an accident. It is the system Trump’s tax law helped create.

Congress should not let corporations keep pocketing tax breaks while prices stay high and wealth keeps flowing to the top. If companies want to use massive profits to enrich shareholders instead of investing in workers and communities, Congress should make sure they pay more back to the public.

No more blank checks for corporate greed. Add your name now and demand Congress pass the Stock Buyback Accountability Act.

The petition to Congress reads:

“Pass the Stock Buyback Accountability Act. Raise the stock buyback tax from 1% to 4%, stop rewarding corporations for choosing Wall Street over workers, and make companies pay more when they use profits to enrich shareholders instead of investing in wages, lower prices, and communities.”