Law News

Law professor Richard L. Kaplan says a so-called Buffett Rule that would implement a higher minimum tax rate for those with income over $1 million per year would have little effect on the taxes of the real-life Warren Buffett unless it takes capital gains into account.

With many Americans now spending most of their adult lives owing debts to financial institutions, the need for a consumer financial agency free of regulatory capture is now more acute than ever, according to a Robert M. Lawless, a University of Illinois expert in consumer credit.

Law professor Amitai Aviram argues that bail-ins amplify the highs and lows of future business cycles and undermine the policy goals of those who believe free markets allocate investments optimally, as well as those who prefer government guidance in allocating investments.

With its Nov. 23 deadline looming, the Congressional super-committee charged with reducing the federal budget deficit may change how the government measures inflation, which could raise tax revenues and lower government expenses like Social Security, says law professor Richard L. Kaplan.

Law professor Richard L. Kaplan says even a favorable ruling on the constitutionality of the laws so-called individual mandate from the high court might not save the law if healthy Americans do not obtain health insurance.