President Trump said he supports prohibiting corporations that receive federal bailout money from buying back shares of their own stock.
But what DeFazio and his Democratic colleagues — along with some Republicans — don’t want is the kind of no-strings bailouts that would allow corporations to enrich themselves without benefit to workers. “It’s not just Democrats calling for conditions” on a corporate bailout, said the Senate aide. “It’s in the bloodstream on both sides.
the “biggest U.S. airlines spent 96 percent of free cash flow last decade on buying back their own shares.”Trump said he was opposed to allowing corporations to enrich themselves with federal aid without benefitting workers, who are now being laid off in various sectors of the economy. “People are coming in for money, in some cases through no fault of their own, but in some cases where they did certain things over the course of the years, including buying back stock,” he said. “Maybe I view that as a little bit different than somebody who didn’t, or somebody that built plants all over the United States, which there are plenty of them too.
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