This may be one of the most important decisions of the court. It will be interesting and frightening.
The Supreme Court may be about to radically change politics by striking down the longstanding rule that says corporations cannot spend directly on federal elections. If the floodgates open, money from big business could overwhelm the electoral process, as well as the making of laws on issues like tax policy and bank regulation.
The court, which is scheduled to hear arguments on this issue on Wednesday, is rushing to decide a monumental question at breakneck speed and seems willing to throw established precedents and judicial modesty out the window.
I’ve been active in taxes for lengthier then I care to acknowledge, both on the personal side (all my employed life history!!) and from a legal standpoint since satisfying the bar and following up on tax law. I’ve rendered a lot of advice and redressed a lot of wrongs, and I must say that what you’ve posted makes impeccable sense. Please carry on the good work – the more people know the better they’ll be armed to deal with the tax man, and that’s what it’s all about.