HR 684 · in committee · significant
Protecting American Savers and Retirees Act
- taxes
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
- 01
How would eliminating the 1% excise tax on stock buybacks affect federal revenue and which government programs might need funding adjustments?
- 02
What evidence exists that the buyback tax either encourages or discourages corporate investment in wages, research, and job creation?
- 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
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-23
Legislative timeline
2025-01-23 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-23 · IntroReferral
Introduced in House
2025-01-23 · IntroReferral
Introduced in House
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