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i do want to especially thank president trump. i don t think anybody should doubt his influence. he was with me from the beginning. somebody wrote that out when he was there, and he was all in. given mccarthy maybe the speaker, but this is donald trump south. it s built on the back of trump republican acolytes whose job depends on the support of trump s own base. the dynamics that were on display during the four-day speakership battle have continued to play out in six months since. chaos caucus republicans, many of whom are trump loyalists, and some of whom participated in the attempt to deny mccarthy the speakership, brought the entire country to the brink of economic default just a few weeks ago. and encouraged by trump to stonewall efforts to reach a deal on the debt limit. but mccarthy s speakership so far will likely be remembered for republicans many efforts to avenge donald trump to take action against his critics, and to rewrite the narrative of his first pr ....
Taxpayers, including some of the firm’s current and former clients, may be affected by the outcome of the Supreme Court case Moore v. United States, which will address the. ....
President Joe Biden, in his State of the Union address before Congress on February 7, 2023, proposed a wealth tax on "billionaires." The lead editorial of The Wall Street Journal for February 11-12, 2023. ....
Outside of the, home another case that will be heard next term is more versus united states, it raises the constitutionality of federal taxes provisions that target high earners, and preemptively block future federal tax increases on the richest americans and corporations, the case decides whether a federal tax provision passed in 2017 can require u.s. multinational corporations to pay taxes on profits earned by their foreign system deteriorates. before the law was enacted in 2017, multinational corporations were allowed to defer paying taxes on foreign profits until those profits were repatriated or brought back to the united states. this deferral system encourage companies to keep their earnings offshore. to avoid paying taxes on those earnings. however, under the new provision, the transition tax was introduced as a mechanism to address that. the provision required u.s. shareholders of certain foreign corporations to pay a onetime tax on the deferred foreign income. ....
Supreme Court is expected to hear and decide Moore case during term beginning in October. The case is being closely watched for its direct relevance to constitutionality of MRT and potential implications for other types of taxes that may be imposed on unrealized income. ....