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February 22, 2018

Tax break mostly for dividends, buybacks

  • A survey by Morgan Stanley estimates about 43 percent will go to dividends and buybacks, 17 percent for capital spending and 13 percent for workers.
    • By BERNARD CONDON
    AP Business Writer

    NEW YORK — It's just what the GOP said we'd hear from a CEO after being handed a big tax break.

    But when Charles Scharf announced plans last month to spend his company's tax savings on higher wages and technology, investors began selling.


     
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