The Supreme Court is still giving the Biden administration trouble. The court might soon overturn President Joe Biden’s proposals to tax the wealthy after giving the government a serious blow by ruling that his $430 billion transfer of student debt was unlawful.
Although the court will hear cases this fall involving the rights to bear arms, the authority of federal agencies, and whether the phrase “Trump too small” can be trademarked, Moore v. United States could have the most impact on Biden. That argument concerns whether Biden may impose a wealth tax, something he has frequently advocated.“Reward work, not just wealth. Pass my proposal for a billionaire minimum tax,” Biden said during the State of the Union address earlier this year. “Because no billionaire should pay a lower tax rate than a school teacher or a firefighter.”“Biden […]
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