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Why Senator Pat Toomey is against reining in corporate buybacks

Senators Tammy Baldwin (D-Wis.) and Debbie Stabenow (D-Mich.) are co-chairing a hearing among Democrats about reining in corporate buybacks. Senator Pat Toomey (R-Pa.) joins "Squawk Box" to explain why he has come out against this agenda. Also joining the conversation as a guest host Mohamed El-Erian, chief economic advisor with Allianz.

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