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Review of U.S. Tax Developments in 2021- Last year, we predicted that the biggest U.S. tax news in 2021 would be revenue-raising legislation that the Democrats would put...
Which we know is unpopular, we didn't sell it very well, you are going to have to strike down the other core parts. they said, okay, we will let you win this one, obama administration, and we'll have those things go down with it. that's a possibility. >> one scenario that we haven't talked about is they may rule that the decision waits until the law takes effect? how likely is that? >> one court in the fourth sir kit did this. there is a statute called the injunction act that says that no one can sue to recover a tax until that tax is actually levied. so that would be tax returns in 2015. by t...
General being among the first to challenge the law. the supreme court has delayed consideration of virginia's challenge until after it hears this week's challenge, led of course by the state of florida. you can bet that the state attorney general is watching these proceedings very carefully. and he joins me now with his perspective. thank you for coming on today. what did you hear today that leads you to believe you understand where things, where the wind is blowing when it come to the mandate. >> as opposed to out here. >> where the wind might actually blow us over. >> i saw more ties today t...
Your health care and costs. there is so much interest that there are people in line, many of them are professional line standers, holding a place so some members of the public can go and watch the arguments, starting in the morning. a couple of dozen people here who have been here since friday morning. i talked to supreme court police officers. they say they have never seen crowds, line sitters or other who is want to witness the proceedings, to form that early, three days, three and-a-half days in advance of the arguments. so tomorrow, we are going to be -- we are going to have the question o...
We will have 90 minutes and the anti-g -- injunction act, whether or not somebody when they break the law and refuse to buy health insurance and are fined for it and they pay a penalty, the question is, can you -- can you -- is this the whole case premature because nobody's paid that penalty yet in that's basic it. >> that's the first hurd toll get to. thank you for the preview. >> reporter: you bet. >> conservatives are fighting to convince the justices that it is unconstitutional. a former solicitor general under president raggan says, don't count on it. harvard professor charles freeh is he...