The Supreme Court isn't finished causing problems for the Biden administration.
After dealing the administration a major blow by deeming President Joe Biden's $430 billion student debt transfer illegal, the court could soon upset his plans to tax the rich.The court will hear cases this fall pertaining to gun rights, federal agency power, and whether"Trump too small" can be trademarked, but the most consequential case for Biden may be Moore v. United States.
While the proposal faces long odds with a Republican-controlled House of Representatives, it could be nixed permanently if the high court rules such a tax is unconstitutional. Under the 2017 tax reform law, they learned that they were subjected to a mandatory repatriation tax of $14,729. They paid that amount and then filed suit seeing a refund and claiming that the tax violates the constitution's apportionment clause.
An appeals court ruled that the Moores could be taxed this way, saying"there is no constitutional prohibition against Congress attributing a corporation's income pro-rata to its shareholder." But the Supreme Court could reverse that ruling, rendering the repatriation tax and future wealth-based taxes off-limits at the federal level.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Biden announces new student loan plan after Supreme Court defeatPresident Joe Biden unveiled a new student loan plan after a Supreme Court defeat.
Weiterlesen »
Democrats demand Supreme Court term limits after Biden lossesReps. Ro Khanna and Don Beyer are pushing to install term limits on Supreme Court after the Biden administration was dealt consecutive losses in the last week of the term.
Weiterlesen »
The Fight to Convince Joe Biden to Back Supreme Court Expansion Is Just BeginningBrian Fallon, the former Hillary Clinton campaign flack who now runs advocacy group Demand Justice, thinks liberals should stop pretending that they can work within the current conservative majority—and start fighting for serious reform. “We have a ways to go,” he tells VF.
Weiterlesen »
Biden and Democrats take aim at the Supreme Court before 2024The Supreme Court is poised to become a more prominent political foil for President Joe Biden and Democrats before next year's elections.
Weiterlesen »
Biden faces renewed pressure to embrace Supreme Court overhaulAs Democrats reel from another set of defeats at the Supreme Court, President Biden is facing renewed pressure from liberal lawmakers and abortion rights activists to more forcefully embrace far-reaching changes to the high court.
Weiterlesen »