Pelosi Statement on New Projection of Record $1 Trillion in Stock Buybacks and Dividends Post-GOP Tax Scam

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement on a new analysis showing that S&P 500 companies are on track to spend $1 trillion on dividend increases and stock buybacks in 2018:

“The GOP tax scam took out a $2 trillion mortgage on the future of Medicare, Social Security and the middle class just so big corporations could hand another $1 trillion to wealthy investors instead of raising wages or creating jobs.

“Instead of tax reform that puts the middle class first, Republicans wrote a tax scam that leaves seniors and families holding the bill for the windfalls for Wall Street, pharmaceutical companies and the wealthiest 1 percent.”

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