Tag Archives: Moore v. United States

Supreme Court Could Trigger Hundreds of Billions in Corporate Tax Cuts ‘With the Stroke of Pen’

A new report warns that huge tax gifts for corporations and “a $340 billion hole in the federal budget” are among the potential consequences of a case SCOTUS is set to hear in December.

By Jake Johnson. Published 9-27-2023 by Common Dreams

Photo: Collection of the Supreme Court of the United States

A Washington-based married couple’s challenge to an obscure provision of the 2017 Republican tax law has the potential to become “the most important tax case in a century,” with far-reaching implications for federal revenues, key social programs, and Congress’ constitutional authority to impose levies on income.

That’s according to a new report released Wednesday by the Roosevelt Institute and the Institute on Taxation and Economic Policy (ITEP).

Continue reading
Share Button

‘Wrong and Frightening’: Alito Claims Congress Can’t Regulate SCOTUS

“What a surprise, guy who is supposed to enforce checks and balances thinks checks shouldn’t apply to him,” said Rep. Alexandria Ocasio-Cortez.

By Jessica Corbett. Published 7-28-2023 by Common Dreams

Justice Samuel Alito in 2017. Photo: JoshEllie1234/Wikimedia Commons/CC

While conservative Justice Samuel Alito’s new Wall Street Journal interview covered various topics, one that provoked intense ire on Friday was his suggestion that federal lawmakers don’t have the power to regulate the U.S. Supreme Court.

For a series of Journal opinion pieces—the first was published in April—Alito spent four hours speaking on the record with David B. Rivkin Jr., an attorney who currently has a case before the high court, and James Taranto, the newspaper’s editorial features editor.

Continue reading
Share Button

World’s 500 Richest People Added $852 Billion to Their Wealth in First Half of 2023

“They can afford to pay their fair share in taxes.”

By Jake Johnson. Published 7-7-2023 by Common Dreams

Elon Musk at a Neuralink presentation. Photo: Steve Jurvetson/flickr/CC

The 500 richest people on the planet collectively added $852 billion to their fortunes in the first half of 2023 due in large part to a record-breaking rally in the U.S. stock market.

According to a Bloomberg analysis of its Billionaires Index, the world’s richest people added an average of $14 million per day to their wealth over the past six months, “the best half-year for billionaires since the back half of 2020, when the economy rebounded from a Covid-induced slump.”

Continue reading
Share Button