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HR 684 · in committee · significant

Protecting American Savers and Retirees Act

What this bill does

  • This bill repeals the 1% excise tax on corporate stock buybacks enacted in 2022.
  • It affects publicly traded corporations that repurchase their own stock.
  • The repeal would eliminate this tax with no replacement revenue mechanism.

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Community Threads

Started by Cosponsor

  1. 01

    How would eliminating the 1% excise tax on stock buybacks affect federal revenue and which government programs might need funding adjustments?

  2. 02

    What evidence exists that the buyback tax either encourages or discourages corporate investment in wages, research, and job creation?

  3. 03

    Which groups of savers and retirees would benefit most from repealing this tax, and would lower-income investors see the same advantages?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-TN-8

David Kustoff

Citizen cosponsors

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In Congress

0/ 435

House Reps cosponsoring

Introduced 2025-01-23

Legislative timeline

  1. 2025-01-23 · house · IntroReferral

    Referred to the House Committee on Ways and Means.

  2. 2025-01-23 · IntroReferral

    Introduced in House

  3. 2025-01-23 · IntroReferral

    Introduced in House

Congress.gov ↗

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