Will 2018 Be A Record Breaking Year For Corporate Buybacks?

Tax Cuts and Jobs Act Fuels Corporate Buybacks Creating Potential for Record, $1 Trillion Year Since the Senate passed sweeping tax overhaul in December, stories about how the average American will benefit have dominated the headlines. According to CNBC, more than $2.5 billion in bonuses (“Trump Bonus”) have been announced in response to the new tax law. However, during the same period, U.S. companies have announced their intentions to repurchase more than $161 billion worth of their own stock. With the “Trump Buyback” outpacing the “Trump Bonus” by almost 65:1, corporate executives have made it clear what they intend to…