Supreme Court Upholds Trump-Era Tax Provision

In a 7-2 decision, the justices ruled against Kathleen and Charles Moore, who had challenged a $14,729 tax bill on their overseas investment.

The court affirmed that Congress was within its rights to implement a one-time Mandatory Repatriation Tax (MRT) on shareholders with a 10% stake in foreign companies, regardless of whether profits were received.

It’s a monumental ruling that affirms the wisdom of President Donald J. Trump’s economic policies and casts a critical light on the missteps of the Biden administration.