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Omnibus Federal Spending Deal: Retirement Savings Tax Treatment

TweetShareSharePin0 Shares This week, Congress forged an agreement to fund the federal government through an omnibus spending package that runs through September 2023. This package will include legislation that improves the tax treatment of saving, building on previous proposals introduced in the Senate and the House that change incentives to save and simplify the tax

Stock Buyback Tax Would Hurt Investment and Innovation

TweetShareSharePin0 Shares The Senate-passed Inflation Reduction Act (IRA) calls for a new 1 percent excise tax on stock buybacks, the argument being it would be better for the economy if firms invested their surplus cash in the business, rather than returning this value to shareholders. However, research suggests that buybacks do not hinder investment opportunities,

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