Companies on pace to pencil in $1 trillion in share buybacks in 2021, as proposed new tax looms

What is a proposed 2% excise tax on corporate share buybacks when U.S. companies are still sitting on trillions' of dollars in cash since the onset of the pandemic?
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Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.