AFR is a nonpartisan and nonprofit coalition of more than 200 civil rights, consumer, labor, business, investor, faith-based, and civic and community groups. We are working to lay the foundation for a strong, stable, and ethical financial system.
Americans for Financial Reform
Loading...
📰 🚨 New commentary from Patrick Woodall of AFR Education Fund and John Foti of @4taxfairness.bsky.social explores how this "administration’s sprawling crypto ethical lapses fundamentally degrade U.S. democracy."
ourfinancialsecurity.org/news/the-lat...
Americans for Financial Reform
Just a reminder it's Monday and we have both an affordability crisis and the world's first trillionaire while the White House hosts literal cage matches on the front lawn.
SpaceX went public today at $135 a share and $1.77 trillion valuation — an almost 100 price to sales ratio — with a governance structure that consolidates power with Elon Musk and attempts to dramatically restrict shareholder lawsuits. buff.ly/XSmJfB7
SpaceX is poised to start appearing in 401(k)s and pensions in as little as five trading days.
Stock buybacks have hit a record high. In the past 8 years, 100 of the biggest US corporations have used the Trump-GOP tax cuts to help repurchase $4.8 trillion of their own stock, according to a new analysis by @4taxfairness.bsky.social
Report: americansfortaxfairness.org/new-analysis...
Stock buybacks are when a company purchases its own shares, resulting in fewer outstanding shares and an artificially higher share price.
“Those entrusted with workers’ deferred wages must take decisive action to protect their investments from risks associated with the SpaceX IPO." -Natalia Renta, associate director of corporate governance and power AFREF www.ft.com/content/0972...
Instead of investing in workers or innovation, firms use stock buybacks to juice executive compensation & manipulate market valuations.
New legislation to raise the tax on corporate stock buybacks from 1% to 4% would generate $166 billion in revenue over the next decade, and encourage companies to reinvest in workers and innovation instead of inflating their share prices. buff.ly/I1DErfl
Americans for Financial Reform
Americans for Financial Reform
Americans for Financial Reform
Americans for Financial Reform
Americans for Financial Reform
Increasing the tax on corporate stock buybacks encourages investments in the real economy, discourages excessive executive compensation that widens economic inequality, and raises funds to protect programs that help working families. buff.ly/hldmfvN
Americans for Financial Reform
Americans for Financial Reform
Americans for Financial Reform
President Trump is attempting to give himself a get out of tax jail free card: the Trump Justice Department recently settled an IRS case brought by Trump that gives him, his businesses, and his…
