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The morning read for Monday, Aug. 8

WHAT WE’RE READING By James Romoser on Aug 8, 2022 at 10:18 am Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. To suggest a piece for us to consider, email us at roundup@scotusblog.com. Here’s the Monday morning read: Posted in Round-up Recommended Citation: […]

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Water and electric quarrels test the limits of tribal power

Petitions of the week By Kalvis Golde on Aug 5, 2022 at 3:04 pm The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here. Native American tribes have a patchwork of rights over utilities on tribal land. […]

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The morning read for Friday, Aug. 5

WHAT WE’RE READING By Ellena Erskine on Aug 5, 2022 at 10:32 am Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. To suggest a piece for us to consider, email us at roundup@scotusblog.com. Here’s the Friday morning read: Posted in Round-up Recommended Citation: […]

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Minimum Book Tax: Flawed Revenue Source, Penalizes Pro-Growth Cost Recovery

As the U.S. Senate races to consider the Inflation Reduction Act (IRA), a centerpiece of the proposed tax increases is the 15 percent minimum book tax on corporate income for firms earning over $1 billion, making up about 60 percent of the net revenue in the IRA. The minimum book tax puts one of the […]

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Reminder that Corporate Taxes Are the Most Economically Damaging Way to Raise Revenue

In the rush to pass the Inflation Reduction Act, which features an ill-conceived tax on the book income of U.S. corporations, it is worth reminding policymakers of a well-established finding in the economic literature: that among all the major ways to raise revenue, increasing the corporate tax is the most economically destructive due to its […]

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The morning read for Thursday, Aug. 4

WHAT WE’RE READING By Ellena Erskine on Aug 4, 2022 at 10:30 am Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. To suggest a piece for us to consider, email us at roundup@scotusblog.com. Here’s the Thursday morning read: Posted in Round-up Recommended Citation: […]

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Affirmative action cases up first in November argument calendar

SCOTUS NEWS By Amy Howe on Aug 3, 2022 at 2:12 pm The Supreme Court will kick off its November argument session with the highest-profile cases of that session: challenges to the consideration of race in the admissions process at Harvard and the University of North Carolina. That news came with the release of the […]

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The morning read for Wednesday, Aug. 3

WHAT WE’RE READING By Ellena Erskine on Aug 3, 2022 at 9:43 am Each weekday, we select a short list of news articles, commentary, and other noteworthy links related to the Supreme Court. To suggest a piece for us to consider, email us at roundup@scotusblog.com. Here’s the Wednesday morning read: Posted in Round-up Recommended Citation: […]

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Australia’s Tax and Benefit System Might Deter Working Parents from Advancing in Their Careers

Imagine that a government provides subsidies to single parents that actually increase tax rates on additional work. This is the case for an Australian single parent who earns less than the average wage. With an increase in pay of just AUD 983 more, he would face a 652 percent marginal tax rate. Therefore, despite the […]

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Details & Analysis of the Senate Inflation Reduction Act Tax Provisions

Preliminary Revenue and Economic Estimates Net Revenue Long-run GDP Wages FTE Jobs Source: Tax Foundation General Equilibrium Model, July 2022. Last-week’s Democrat-sponsored Inflation Reduction Act (IRA), successor to the House-passed Build Back Better Act of late 2021, has been touted by President Biden to, among other things, help reduce the country’s crippling inflation. Using the […]