WTF Just Happened Today?

Day 276: "The principal obstacles to progress."


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1/ The Supreme Court – again – refused to block the Texas law that bans most abortions in the state after six weeks, but agreed to hear legal arguments over the nation’s most restrictive abortion law on Nov. 1. The court said it would focus specifically on whether the federal government has the authority to challenge the unusual way in which the Texas legislature crafted the law, which deputizes private individuals to sue anyone who performs the procedure or “aids and abets” it. The court, however, turned down a request from Texas to use the cases to decide whether to overturn the right to abortion established in 1973 in Roe v. Wade, the 1973 landmark decision legalizing abortion nationwide prior to viability, generally thought to be around 22 to 24 weeks. In December, the court will also consider a Mississippi law that bans most abortions after 15 weeks. Mississippi is explicitly asking the court to overturn Roe. (Washington Post / New York Times / Wall Street Journal / CNN / NBC News / ABC News)

2/ Kyrsten Sinema won’t support raising taxes on businesses, high-income earners, or capital gains, potentially derailing the revenue-increasing provisions needed to finance Biden’s social safety net and climate plan. Democrats had hoped to pay for much of their plan by raising the corporate tax rate to 26.5% from 21%, moving the top personal income rate to 39.6% from 37%, and increasing the capital gains tax rate for those earning at least $400,000. The plan would also add a 3% surtax on income above $5 million. Instead, Biden’s advisers said that they are now pursuing a range of ideas to raise new revenues, including a new minimum tax on corporations, targeting America’s roughly 700 billionaires who don’t pay taxes on their unrealized gains, taxing stock buybacks, closing loopholes for high income Americans, and increased IRS enforcement. Sinema reportedly appears open to an excise tax on stock buybacks and a 15% minimum corporate tax rate. (Politico / Washington Post / Wall Street Journal / New York Times / CNN / NBC News)

3/ Five veterans on Kyrsten Sinema’s advisory board resigned from their roles, accusing her of “hanging your constituents out to dry.” In a letter to Sinema, the veterans accused the Arizona Democrat of “answering to big donors rather than your own people....

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WTF Just Happened Today?By Matt Kiser

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