Wall Street

Billionaire Mark Cuban Says This New Tax Should Be Doubled

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The Street

By Luc Olinga The entrepreneur Mark Cuban just took a stand in a debate that’s hotly controversial in business circles and Congress. No subject is more controversial in economic circles right now than taxes. Tensions heighten even more when the specific subject is a new tax aimed at businesses. Simply put, the business community hates taxes. No surprise, then, that last week, when the U.S. Senate agreed to a 1% tax on share buybacks as a way to partly finance President Joe Biden’s climate and health-care bill, the proposed measure prompted a lot of debate. Opinion on the benefits and disadvant…

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