Handloser sandra smith. John and im this is the story. Major stories breaking at this hour, the Supreme Court has just allowed texas to enforce their own state Immigration Law. This is a very monumental decision. And this is in place for now before it goes to the next level of appeals. For the state at this point can start arresting, people suspected of crossing the border illegally while this legal battle over the law continuous. Is called sb for preparedness talk about it a lot in recent days so we will take you live to the border, will get reaction from about the Supreme Court decision and what the impacts will look like in texas coming up momentarily. What first, what happens when two top u. S. Generals in charge of our deadly exit from afghanistan testify for the first time before congress as free speaking, private citizens about what really happened as the talent taliban swept the country and President Biden announced our unilateral pullout. Time in many ways to happen just befor
This afternoon President Joe Biden is taking his brand on energy on the road after a fiery state of the Union Address in which he laid out the choice facing voters in november. He made a stunning indictment of the gops decision to turn its back on democracy and freedom both here and abroad, all in service of the disgraced wannabe autocrat who is The Republicans presumptive president ial nominee. President joe biden will be soon making remarks in pennsylvania. Pennsylvania is central to his hopes of prevailing in november. If todays speech is like anything we saw last night from the president he will take a blow torch to his opponent and the Republican Party. Standing before congress in front of some of the very same people who aided and abetted donald trump, trying to overturn the 2020 election, and the very seen of the crime that is the january 6th insurrection, President Biden on thursday night painted a picture of a Republican Party that has fallen so far it no longer respects or ad
Argument in a case involving the taxation of earnings de by americans from a foreign company. The ca focuses on an indiabased company with more than half of its ownership held by americans. It was brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have required a onetime repatriation test. This is about two hours. The court squarely held us much just a few years following adoption of the amendment. The it is undpud that the petitioners realedothing froms are stock investment. They were taxed not because they have no income but because in 17hey happened to owe shares in a corporation carrying retained earnings on its bks this is a tax on the ownership of property and therefore must be apportioned. The government cannot identify a single thing congress could not tax income underts position that reazation is unnecessary. Thout realization there is no limiting principle. Excepting the governments position on income would make a hash of the curren
By americans. It w brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have wired a repatriation tax. This is about two. The court squarely held us much just a few years foowg adoption of the amendment. The the presidt kes easy work of the case. It is undisputed the petiors realize nothing from their stock investment. They were taxed not because they had income but becse in 2017 they happened to own sharein corporation. This is a taxn e ownership of property. Dispensing with the need for realization, the framers regarded this as the essential chec on the power of congress to taxrorty. The government cannot identify a single thing congress could not tax its income under its position realization is unnecessary. Without realization there is no limiting principle. Accepting th government position on income would make a cap hash of the current law. Gateway defition of gross income asserts congresses taxing por der the 16th amendment roh reaching al
This is about two hours. The court squarely held us much just a few years following adoption of the amendment. The the president makes easy work of the case. It is undisputed the petitioners realize nothing from their stock investment. They were taxed not because they had income but because in 2017 they happened to own shares in a corporation. This is a tax on the ownership of property. Dispensing with the need for realization, the framers regarded this as the essential check on the power of congress to tax property. The government cannot identify a single thing congress could not tax its income under its position realization is unnecessary. Without realization there is no limiting principle. Accepting the government position on income would make a cap hash of the current law. Gateway definition of gross income asserts congresses taxing power under the 16th amendment through reaching all income from whatever source derived. If the government possession position in this case is right th