Supreme Court Considers Constitutional Limitations on Federal Taxing Power

Contributing sentiments towards policy:

49% : The amendment, ratified in 1913, states: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."That's because "a broad ruling could destabilize our tax system, enrich many profitable corporations, and widen existing economic and racial inequalities."Since the 1960s, corporations have been able to move income across borders to avoid taxation.
44% : "Mr. Grossman added that "the government's position would make a hash of existing law and cause enormous confusion with respect to how our tax system functions.
43% : The Congressional Budget Office estimated in 2018 that the law would lead corporations to have a one-time tax liability of $347 billion.
42% : "Picking up on a line of questioning begun by Justice Samuel Alito, Justice Neil Gorsuch asked, "If the court were to hold that the only realization requirement is some realization somewhere along the chain by a corporation antecedent to the taxpayer, what would be the consequences of a holding like that?"Mr. Grossman responded, "The consequences would be to open the door to taxation of practically everything.
41% : If the law is erased, "the floodgates to offshore tax dodging" could be opened "on a scale never seen before," the group said in recent commentary.

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