See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Taxes were already a big issue in the November elections. The Supreme Court just made them an even bigger one.

Posted on AllSides June 21st, 2024
From The Center
SAUL LOEB/AFP via Getty Images

The Supreme Court’s decision on taxing offshore earnings could have been an indirect, though significant, move in the fight over wealth taxes — but it didn’t turn out that way.

The justices decided Thursday not to wade into the legality of taxing a household’s paper gains, emphasizing that their 7-2 decision was narrow and confined only to the provisions of the 2017 tax cuts at issue.

Both supporters and detractors of a wealth tax painted the decision as a glancing win for their side.

“The fight goes on to tax...

Read full story

AllSides Picks

More News about Taxes from the Left, Center and Right

From the Left

From the Center

From the Right