Mark Cuban says Senate stock buyback tax plan tops ‘bad tax’ list

Billionaire investor Mark CubanThe owner of the Dallas Mavericks basketball team, said that while the acquisition was “everything wrong with what the companies do,” the decision to levy the tax on them was one of the worst.

Cubans – with a net worth of $5.9 billion, according to the Bloomberg Billionaires Index – made comments, opinions above Twitter late on Wednesday after the US Senate agreed last week 1% excise tax on share buyback as part of a tax and climate package. The bill is expected to go to the House of Representatives later this week.

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