Supreme Court's Stance on Wealth Tax and Taxation Power Examined

The Supreme Court expressed skepticism towards a conservative-backed attempt to block Congress from passing a tax on wealth. The case involves a one-time "repatriation" tax on big companies' overseas earnings, but some hope for a broader ruling that would prevent the implementation of a wealth tax. While some justices questioned the distinctions between the repatriation tax and other long-standing taxes, others expressed concerns about the potential consequences of a broad ruling. The court seemed to lean towards a narrow ruling in favor of the government, with a decision expected by late June.