The fate of an obscure provision of President Trump’s 2017 tax package has many experts panicked over the potential to destabilize the nation’s tax system.
- In addition, some say the outcome could preemptively block Congress from creating a wealth tax.
- But the case has also exposed questions about the accuracy of the personal story a Washington state couple presented to the court in making their constitutional challenge to the tax, a one-time levy on offshore earnings.