Top Democrat Says Not Looking at Stock Buybacks in Tax Plan Now

House Ways and Means Committee Chairman Richard Neal says he’s not currently looking at taxes on stock buybacks to pay for President Joe Biden’s economic agenda.

• “They’re pretty complicated right now,” Neal tells reporters. “I think you have to go back to the committee process again.”
• NOTE: Top Senate Democrats Float 2% Excise Tax on Stock Buybacks

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Emily Wilkins in Washington at ewilkins4@bloomberg.net;
Maria Luiza Rabello in Brasilia Newsroom at mrabello@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Catherine Larkin

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