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The Supreme Court’s new tax decision is great news for billionaires

Posted on AllSides June 21st, 2024
From The Left
Marc Piasecki/Getty Images

It’s difficult to concisely summarize the Supreme Court’s Thursday decision in Moore v. United States, which rejects a challenge to a one-time federal tax targeting some investors in foreign corporations. But the bottom line is that Moore is bad news for anyone hoping that the Supreme Court would launch a comprehensive attack on the federal government’s ability to raise taxes. 

Nevertheless, the decision is still excellent news for billionaires.

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