Democrats Float Partnership, Buyback Taxes to Fund $3.5 Trillion Spending Plan - WSJ

“This proposal simply reduces complexity by closing loopholes that allow those at the top to pick and choose when, and whether, to pay tax,” Mr. Wyden said.

This quote perfectly encapsulates the operating theory behind the new taxes in this bill: the government is entitled to the personal incomes of American workers. Further, anyone who follows the law and, as a consequence, pays less in taxes, is a cheater who deserves to be punished.

Mr. Brown’s plan responds to Democrats’ frustration that companies used some of their 2017 tax cuts to buy back their stock, a move that is typically seen as helping shareholders.

Shareholders will soon include every American worker auto-enrolled in the bill’s new auto-IRA. So it’s a problem that companies make any business decisions that help increase shareholder value?