Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
'Fight Goes On to Tax the Rich,' Says Warren After Supreme Court Ruling
"Right-wing billionaires hoped an obscure legal case would blow up the tax code to avoid paying what they owe, but this effort failed," said the Democratic senator after the Moore v. United States decision.https://www.commondreams.org/news/elizabeth-warren-wealth-tax
Sen. Elizabeth Warren was among the economic justice advocates cheering Thursday after the U.S. Supreme Court upheld a tax on Americans with shares of certain foreign corporations—a win for the Massachusetts Democrat and other wealth tax advocates.
"Right-wing billionaires hoped an obscure legal case would blow up the tax code to avoid paying what they owe, but this effort failed at the Supreme Court," Warren said in response to the 7-2 ruling in Moore v. United States. "The fight goes on to tax the rich, pass a wealth tax on ultra-millionaires and billionaires, and make the system more fair."
Although the narrow decision doesn't explicitly affirm the constitutionality of federal wealth tax proposals from congressional progressives including Warren, court watchers had feared a ruling in favor of Charles and Kathleen Moore—a Washington couple who challenged the mandatory repatriation tax (MRT) in Republicans' 2017 tax law—would disrupt efforts to impose such policies.
The high court heard the case in December. Conservative Justice Brett Kavanaugh on Thursday delivered the majority opinion that the MRT "does not exceed Congress' constitutional authority." He was joined by Chief Justice John Roberts and the three liberals. Justice Amy Coney Barrett concurred in the judgment, joined by Justice Samuel Alito, who had faced calls to sit this case out.
Conservative Justice Clarence Thomas—who has provoked pressure to recuse himself from multiple cases or even leave the court by accepting and not reporting gifts from ultrarich Republicans—dissented, joined by Justice Neil Gorsuch. Thomas argued "the Moores are correct" that "a tax on unrealized investment gains is not a tax on 'incomes' within the meaning of the 16th Amendment, and it therefore cannot be imposed 'without apportionment among the several states.'"
SNIP
"Right-wing billionaires hoped an obscure legal case would blow up the tax code to avoid paying what they owe, but this effort failed at the Supreme Court," Warren said in response to the 7-2 ruling in Moore v. United States. "The fight goes on to tax the rich, pass a wealth tax on ultra-millionaires and billionaires, and make the system more fair."
Although the narrow decision doesn't explicitly affirm the constitutionality of federal wealth tax proposals from congressional progressives including Warren, court watchers had feared a ruling in favor of Charles and Kathleen Moore—a Washington couple who challenged the mandatory repatriation tax (MRT) in Republicans' 2017 tax law—would disrupt efforts to impose such policies.
The high court heard the case in December. Conservative Justice Brett Kavanaugh on Thursday delivered the majority opinion that the MRT "does not exceed Congress' constitutional authority." He was joined by Chief Justice John Roberts and the three liberals. Justice Amy Coney Barrett concurred in the judgment, joined by Justice Samuel Alito, who had faced calls to sit this case out.
Conservative Justice Clarence Thomas—who has provoked pressure to recuse himself from multiple cases or even leave the court by accepting and not reporting gifts from ultrarich Republicans—dissented, joined by Justice Neil Gorsuch. Thomas argued "the Moores are correct" that "a tax on unrealized investment gains is not a tax on 'incomes' within the meaning of the 16th Amendment, and it therefore cannot be imposed 'without apportionment among the several states.'"
SNIP
============
(not sure whether someone posted this already -- if so, I will delete)
============
Thomas & Gorsuch dissent
