H.R. 684: Protecting American Savers and Retirees Act

H.R. 684 is a federal bill in the 119th Congress. Currently, when a publicly traded U.S. company buys back its own stock, it must pay a 1% tax on the value of that stock. This bill would eliminate that 1% tax. This means that companies would no longer incur this tax when repurchasing their stock,… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.