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U.S. Senate Leader Schumer says excise tax on stock buybacks included in climate and tax bill

08/05/2022 | 12:41pm EDT
FILE PHOTO: U.S. Senate Majority Leader Schumer

WASHINGTON (Reuters) - The tax, energy and prescription drugs legislation proposed by Democrats will include an excise tax on stock buybacks, U.S. Majority Leader Chuck Schumer said on Friday.

The bill could face a vote as soon as Saturday afternoon.

(Reporting by Moira Warburton in Washington)


© Reuters 2022
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