Over the course of his sterling legal career, Attorney General William Barr hasn’t lost very often in court. But looking back now, he may be savoring the memory of one notable defeat. That’s because a precedent from that case allows President Donald Trump to implement pro-growth tax reform immediately. “We are going to be looking at capital gains for the purpose of creating jobs,” the president said on Saturday. Then on Monday at his White House press conference, Mr. Trump elaborated...

Source: Wall Street Journal August 11, 2020 19:41 UTC