Tuesday, May 22, 2007

High Court Will Hear Ky. Bond Case

The Courier-Journal, a leading newspaper in Louisville, Kentucky, is reporting, “The U.S. Supreme Court will consider whether Kentucky can let its residents collect interest on the state's municipal bonds tax-free while taxing the same kind of bonds from other states.” According to the report, “The issue has broad implications for the $3 trillion municipal bond market because most states have similar regulations aimed at creating markets for their public-agency bonds.”

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America faces many daunting and divisive social, political, and moral issues whose outcomes will define us as a nation. Throughout America’s history, the judicial branch has played a significant role in resolving monumental issues as they shape our law, attitudes and values. In fact, the judiciary—especially the U.S. Supreme Court—often has the final word on weighty issues like abortion, religious freedom, free speech and privacy rights. Court Watch enables readers to track cases and issues as they make their way through the courts, as well as monitor the impact of judicial rulings on our constitutional freedoms.

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