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Trump’s Tax Plan Goads Companies to Buy Back Bonds

Comcast, 3M and Wal-Mart among those buying back debt.

By Molly Smith and Claire Boston, Bloomberg | Updated on October 11, 2017

Big U.S. companies don’t know how American tax laws will be changed in the coming months, but they’re not waiting to find out.

Comcast, 3M Co. and Wal-Mart Stores are among the companies buying back bonds now in transactions that could save them millions of dollars if the latest proposed tax changes from the Trump administration and Congress end up becoming law. A wave of these deals happened after the election as Republicans talked about tax changes being high on their priority list. More of these transactions are happening now as the lawmakers and the White House renew their focus on overhauling the rules.

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