Buyback blowback: Why lawmakers on the right and left are targeting stock buybacks
There's been a lot of talk about stock buybacks, and whom they benefit the most. Democratic Sens. Chuck Schumer and Bernie Sanders would tie buybacks to a $15 minimum wage and other employee benefits. Even Republican Sen. Marco Rubio wants to end tax breaks enjoyed by companies that buy back shares. A look at what stock buybacks are, whom they benefit, and what lawmakers may do about them.