- From CNBC this morning:
- “A Goldman Sachs analysis out last week suggests there are misconceptions around the impact of President Donald Trump’s tax cuts.
- Many on Wall Street and Capitol Hill have said the tax cuts are being spent on corporate stock buybacks and not capital expenditures.
- Stock buybacks have been under attack on Capitol Hill, with some arguing companies should provide better benefits before repurchasing shares.
- But a Goldman Sachs report found that US companies have sharply increased their cash outlays in growth investments after the tax reform.”
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Laura Ehrenberg-Chesler,
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