The proposed bill comes as Wall Street heads toward a near-record $800 billion share-repurchasing spree this year.
“A few decades ago, a majority of Wall Street capital funded the real economy—wages, machinery, research, new construction, but today, much of that capital is funneled back to wealthy executives in the form of stock buybacks, and only about 15 percent goes to the real economy," Brown said in a statement Friday.
he'll support up to $2 trillion in new spending, but only if Democrats can offset the price tag with cost savings and revenues.
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