Through the first three quarters of its current fiscal year, Apple (NASDAQ: AAPL) generated $79.1 billion in net income and spent $65 billion on stock buybacks. It aims to raise revenue and combat inflation by implementing a 15% corporate alternative minimum tax, allow Medicare to negotiate prescription drug prices, and increase IRS enforcement on high-income taxpayers. The general argument from many politicians is that businesses should be spending their profits on their employees, or reinvesting in their growth, rather than simply buying back stock and boosting their share price for investors.