Author Topic: S&P 500 companies return $1 trillion to shareholders in tax-cut surge  (Read 789 times)

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Offline WingNot

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Noel Randewich
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SAN FRANCISCO (Reuters) - S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed.


In the 12 months through March, S&P 500 companies paid out $428 billion in dividends and bought up $573 billion of their own shares, according to S&P Dow Jones Indices analyst Howard Silverblatt.

That compares to combined dividends and buybacks worth $939 billion during the year through March 2017, Silverblatt said in a research note.

Earnings per share of S&P 500 companies surged 26 percent in the March quarter, boosted by the Tax Cuts and Jobs Act passed by Republican lawmakers in December.

Companies have been returning much of that profit windfall to shareholders via share buybacks and increased dividends at never before seen amounts, highlighted by Apple’s record $23.5 billion worth of shares repurchased in the first quarter.

https://www.reuters.com/article/us-usa-stocks-buyback/sp-500-companies-return-1-trillion-to-shareholders-in-tax-cut-surge-idUSKCN1IQ33F
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Offline WarmPotato

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Very interesting
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Offline Suppressed

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So we run up borrowing to make tax cuts that allow corporations to reward shareholders.

I can see why people get upset.
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« Last Edit: May 26, 2018, 01:51:43 pm by Freya »
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Offline WingNot

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So we run up borrowing to make tax cuts that allow corporations to reward shareholders.

I can see why people get upset.

Ain't Capitalism great!.  My 401 K investments are rocking.   It is a great time to sock some extra money away for a rainy day!

MAGA!
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Offline IsailedawayfromFR

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So we run up borrowing to make tax cuts that allow corporations to reward shareholders.

I can see why people get upset.
What economics course did you take that says that allowing people to keep their money causes the government to borrow money?

Please inform me, as I am really waiting to hear the answer.
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Offline Concerned

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What economics course did you take that says that allowing people to keep their money causes the government to borrow money?

Please inform me, as I am really waiting to hear the answer.

By cutting taxes and not reducing spending we end up with a budget deficit that has to be funded via borrowing. The deficit this fiscal year is $440B. The deficit occurs because the U.S. government spending of $4.094 trillion is higher than its revenue of $3.654 trillion.
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Offline Cyber Liberty

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By cutting taxes and not reducing spending we end up with a budget deficit that has to be funded via borrowing. The deficit this fiscal year is $440B. The deficit occurs because the U.S. government spending of $4.094 trillion is higher than its revenue of $3.654 trillion.

I think we could have gotten away with cutting taxes and not reducing spending.  It's the big fat spending spree I don't like.
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Offline IsailedawayfromFR

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By cutting taxes and not reducing spending we end up with a budget deficit that has to be funded via borrowing. The deficit this fiscal year is $440B. The deficit occurs because the U.S. government spending of $4.094 trillion is higher than its revenue of $3.654 trillion.
That of course is how it works.  But that is not what the poster said.

He said that because we allowed money to remain with the taxpayer the govt had to borrow, which is not correct.

A tax cut is beneficial to us all, but a reduction in spending is even better.
« Last Edit: May 27, 2018, 01:25:52 pm by IsailedawayfromFR »
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