Today, Americans for Tax Fairness released a new analysis revealing that 100 major corporations have spent $4.8T on stock buybacks since the 2017 Trump-GOP tax law. If the Stock Buyback Accountability Act, introduced by Leader Schumer (D-NY), Senator Wyden (D-OR), and Senator Warren (D-MA), had applied, it could have raised nearly $200B. Ten companies accounted for more than $2T of the total.

“Trump and his billionaire-backed GOP allies in Congress sold their tax law as a way to raise pay for workers and spur investment, but all it did was enrich big businesses and elites,” said David Kass, ATF’s executive director. “Now, executives and some of the wealthiest companies in the world are using stock buybacks that boost share…