Inflation Reduction Act Unlikely to Deter Stock Buybacks

The 1% excise tax on buybacks that is part of the Inflation Reduction Act has spurred questions regarding the implications for investors. In a note to clients, Goldman Sachs’ David Kostin estimated that the proposed 1% excise tax on buybacks would reduce earnings per share by about 0.5%, CNBC’s Bob Pisani reported on Monday. “I [...] The post Inflation Reduction Act Unlikely to Deter Stock Buybacks appeared first on ETF Trends .