Today, the Supreme Court hears arguments about (1) the powers of bankruptcy courts; (2) the taxation of unemployment benefits; and (3) federal property statutes:
(1) Executive Benefits Insurance Agency v. Arkin [see our preview at http://www.law.cornell.edu/supct/cert/12-1200];
- Does Article III of the Constitution permit bankruptcy courts to enter final judgments in “core” proceedings as defined in 28 U.S.C. § 157(b)? If not, can bankruptcy courts exercise jurisdiction over litigants through their “implied consent”?
(2) US v. Quality Stores, Inc.s [see our preview at http://www.law.cornell.edu/supct/cert/12-1408]
- Are supplemental unemployment benefits paid to laid-off employees considered “wages” under the Federal Insurance Contributions Act (FICA), and therefore taxable as income?
- Does the United States have a reversionary interest in a railroad right-of-way created by the General Railroad Right of Way Act of 1875 after the federal government granted the lands underlying the right-of-way to a private party?