Supreme Court to Rule on Wealth Tax and Trump Tax-Cut Law's Constitutionality

1 min read
Source: The Wall Street Journal
Supreme Court to Rule on Wealth Tax and Trump Tax-Cut Law's Constitutionality
Photo: The Wall Street Journal
TL;DR Summary

The US Supreme Court has agreed to hear a case that could potentially block Democrats' plans to tax the wealthy. The case challenges a provision in the Affordable Care Act that imposes a tax on individuals who do not purchase health insurance. The plaintiffs argue that the provision is unconstitutional and that its removal would invalidate the entire law, including the Democrats' proposed tax increases on the wealthy.

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