The Supreme Court Thursday ruled not to redefine “income” — a move, pushed aggressively by Justice Neil Gorsuch during oral arguments, that would have headed off various wealth tax proposals that have gained steam on the left, and been a gift to the very wealthy and corporations.
Justice Brett Kavanaugh wrote for the majority, in which all of the liberals joined. Justice Ketanji Brown Jackson also wrote a solo concurrence; Justice Amy Coney Barrett concurred in the judgment, joined by Justice Samuel Alito.
Gorsuch and Justice Clarence Thomas dissented.
This is a breaking news story and will be updated.
