Tax cut scoreboard: Workers $6 billion; Shareholders: $171 billion
WPLG -

It's raining stock buybacks on Wall Street -- thanks to President Trump's massive corporate tax cuts.

The White House has celebrated the tax cut bonuses unveiled by the likes of Walmart, Bank of America and Disney.

Yet shareholders, not workers, are far bigger direct winners from the Tax Cuts and Jobs Act of 2017.

American companies have lavished Wall Street with $171 billion of stock buyback announcements so far this year, according to research firm Birinyi Associates. That's a record-high for...


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