Democrats plan crackdown on stock buybacks

Sen. Tammy Baldwin, D-Wisconsin, plans to today introduce a bill to crack down on stock buybacks.

Specifically, the legislation seeks to prohibit companies from repurchasing their own shares on the open market.

"I fear that if we don't act, the impact on our economy and growth is going to be horrendous," Baldwin told CNNMoney Wednesday. "This very partisan corporate tax bill has fueled a surge in stock buybacks that is hurting economic growth and shared prosperity for workers."

Read more from CNNMoney.