From CJ Roberts, speaking for the Court in Daimler Chrysler v. Cuno yesterday: “As an initial matter, it is unclear that tax breaks of the sort at issue here [a state’s investment tax credits] do in fact deplete the treasury: The very point of the tax benefits is to spur economic activity, which in turn increases government revenues.”
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About the Author
Kathryn Jean Lopez is a senior fellow at the National Review Institute and the religion editor of National Review. Sign up for her weekly newsletter here. She is the author of A Year with the Mystics: Visionary Wisdom for Daily Living.
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