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 Constitutionalist: Dems’ New Tax Problems

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Constitutionalist: Dems’ New Tax Problems Vide
PostSubject: Constitutionalist: Dems’ New Tax Problems   Constitutionalist: Dems’ New Tax Problems Icon_minitimeMon Oct 25, 2021 9:10 pm
With Democrats suddenly eyeing a “wealth tax” to fund their spending dreams, Ira Stoll objects at The New York Sun: “The constitutional challenges . . . are considerable.” The group of 600 or so billionaires Dems would target “is small enough that it could be subject to the Constitution’s prohibition, in Article I, against a bill of attainder.” And: “The 16th Amendment that gave Congress the power to tax income applies to income taxes, not wealth taxes.” Plus: “A wealth tax could also violate the Fifth Amendment takings clause, the 14th Amendment’s due process and equal protection clauses and the Article I prohibition against ex post facto law.” Treasury Secretary Janet Yellen says it won’t be a wealth tax, but Speaker Nancy Pelosi announced, “We will probably have a wealth tax.”

democrats

https://nypost.com/2021/10/25/democrats-new-tax-problems-and-other-commentary/

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