Kelly Bullis: Fishermen might hurt the IRS
Now here is a whopper of a fishing story! The current session of the U.S. Supreme Court has an interesting case on the docket. If they rule in favor of the plaintiffs, it could end up changing a long-standing rule from a prior Supreme Court ruling of almost 40 years ago which underpins the ability of the IRS to do its job. The case is about regulation of fishing boats. And the old Supreme Court doctrine at risk is called the “Chevron Deference Doctrine.” The “Chevron Deference Doctrine” was a coined name that came from a famous landmark case “Chevron USA Inc vs. Natural Resources Defense Council Inc” back in 1984. The Supreme Court set forth a legal test as to when a court should defer to an agency’s answer or interpretation, holding that such judicial deference is appropriate where the agency’s answer was not unreasonable, so long as Congress had not spoken directly to the precise issue at question. >>click to read<< 13:38
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