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Justices uphold Trump tax on overseas investments in win for Biden
The Supreme Court on Thursday upheld a Trump-era tax on overseas investments, rejecting an argument from a Washington state couple in a case that could have jeopardized existing tax provisions and torpedoed Democratic talk of a wealth tax.
A 7-2 majority upheld the tax. Justice Brett Kavanaugh wrote the majority opinion and Justice Clarence Thomas wrote a dissent.
At issue in the closely watched tax case was whether the government could levy a tax on investment proceeds...
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