Taxes were already a big issue in the November elections. The Supreme Court just made them an even bigger one.
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The Supreme Court’s decision on taxing offshore earnings could have been an indirect, though significant, move in the fight over wealth taxes — but it didn’t turn out that way.
The justices decided Thursday not to wade into the legality of taxing a household’s paper gains, emphasizing that their 7-2 decision was narrow and confined only to the provisions of the 2017 tax cuts at issue.
Both supporters and detractors of a wealth tax painted the decision as a glancing win for their side.
“The fight goes on to tax...