Bush Tax Cuts Sparked Record Growth in Corporate Dividends

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In 2024, corporations paid a record $1.75 t r i l l i o n] (h ttp s : // w w w . j an u s h e n d er so n . co m / cor p or a t e / p r ess - r e l e a ses / g l o ba l - d i v i d e n d s - j u m p e d - t o - a - r ecor d - 1 - 75 - t r i l l i o n - in - 2024/) in d i v i d e n d s, in c l u d in g [$ 651 billion from US-based companies. Dividend payments more than doubled in the last sixteen years, prompted by the 2003 George W. Bush tax cuts on dividends, which mostly rewarded superrich shareholders rather than encouraging companies to reinvest.
A recent example: Stellantis laid off 900 autoworkers, then announced a $2.2 billion dividend payout.

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source	Bigger Shareholder Payouts Are Driving Up Corporate Profits by David Sirota

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Bush Tax Cuts Sparked Record Growth in Corporate Dividends

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