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For too long, corporations have funneled their profits back into executives’ pockets instead of investing it in their workers and the real economy.

One way they do this is through stock buybacks, which allow corporations to reward already wealthy executives and avoid paying their fair share in taxes.

Earlier this month, I introduced a plan that would place a 2% tax on stock buybacks to make corporations pay their fair share and to encourage them to reinvest in the American workers who make their profits possible.

Will you sign on to show your support for putting the focus of our economy back on workers and not Wall Street and corporations? [[link removed]]

After the GOP’s tax scam, stock buybacks soared. A study showed that corporations used 80% of their savings from the 2017 tax changes for stock buybacks and similar self-serving activities, amounting to nearly a trillion dollars in stock buybacks.

By comparison, only about 15% of corporate capital is put toward strengthening the real economy.

Something has to change. My plan would help recenter our country’s economy around workers rather than Wall Street and corporate profits.

We’re building an economy that works for everyone, and I need the support of grassroots activists like you to keep up momentum. Please show your support for reinvesting in the people who make our country work. [[link removed]]

With gratitude,

Sherrod
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