One week after the Supreme Court invalidated President Trump’s tariffs, he suggested that his administration could try to relitigate a case that was decided 6 to 3.
Category: Taxation
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Trump Signals Opposition to Tariff Refunds, Hinting at Legal War to Come
The New York Times – Business: -
Trump Doubles Down on Closing Tax Loophole on Cheap Imports
The New York Times – Business:The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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Tariff Whiplash Clouds Outlook for Federal Budget
The New York Times – Business:The tariffs thrown out by the Supreme Court had become an important revenue source. President Trump said he could replace that money with other levies.
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Supreme Court Justices Strike Down Trump’s Tariffs
The New York Times – Business:President Trump is the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
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How a Trump Tax Break Rescued Horse Racing
The New York Times – Business:Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.
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States Say No Thanks to Trump Tax Cuts, Drawing Republican Fire
The New York Times – Business:State income taxes often reflect federal policies, but Washington, D.C. and some states have taken steps to keep the latest Republican changes out of their tax codes.
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Federal Debt to Hit Record Levels, Budget Office Warns
The New York Times – Business:President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire.
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Trump’s Lawsuit Against I.R.S. Creates ‘Enormous Conflict of Interest’
The president is demanding that the federal government pay him at least $10 billion over the unauthorized disclosure of his tax returns during his first term.
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A Rug Maker Withstood One Year of Trump’s Tariffs. New Challenges Loom.
Loloi stockpiled rugs from India, Turkey and other countries in advance, but inventory is running low.
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Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax
More large donations from wealthy Silicon Valley figures are expected as they try to marshal opposition to a proposed ballot measure that would impose a new tax on billionaires.
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Google Guys Say Bye to California
Sergey Brin is joining his Google co-founder, Larry Page, in reducing ties to the state where they built their fortunes.
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Why Haven’t Trump’s Tariffs Had a Bigger Impact?
Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.