And instead of using the profits to create jobs and invest in growth, corporations too often buy back their own stock to increase its value and reward executives. I'm introducing legislation today with Senators Wyden and Warren to rein in the stock buybacks that corporate executives use to line their own pockets. to the detriment to the American people. Americans need more jobs and higher wages right now, not more privileges for millionaires and billionaires. (03:42–03:53)
CLAIM
Asserts that Schumer is introducing legislation with Senators Wyden and Warren to address corporate stock buybacks.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
