Dems To Introduce Bill To Tax AIG Bonuses
Dems never met a tax they didn’t like
The AIG bonuses outrage has Congress moving at warp-speed.
House Democratic leaders announced that a bill designed to tax the bonuses out of existence will come to the House floor Thursday, mere days after the news of the $165 million payout to employees of the embattled American International Group.
The legislation would levy a stiff 90 percent tax on bonuses paid by any financial firm receiving more than $5 billion in federal funds from the Troubled Asset Relief Fund.
Well, it’s not like any Democrat (cough*Dodd*cough) created the bonuses loophole, right? Or that Geithner and others in the Obamateur admin knew about this much earlier then they said, right? Or that this would violate Article I, Section 9 of that pesky Constitution thing, No Bill of Attainder or ex post facto Law shall be passed. Not that Dems have ever really cared about the Constitution when it is in the way. Where’s the ACLU?
Dan Riehl is wondering if this can be Constitutional, too.
However, it appears that a vote was taken this evening, and a majority of House Democrats voted to allow the people at AIG who got bonuses to keep them. How ’bout that?
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Posted by William Teach on March 18, 2009 9:17 pm
» Filed Under Constitution, Democrats, News, Socialism, Taxes, U.S. Constitution
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3 Responses to “Dems To Introduce Bill To Tax AIG Bonuses”
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Syndicate Me
All you can do is scratch your head these days and think, “there are people standing next to me in line at McDonald’s who actually buy into this stuff”
Buff,
The worst part is that the people who should really be working the counter at McDonald’s instead have “Representative” and “Senator” in front of their names.
At the front door I am not worried about taxing AIG bonuses. I am watching the back door burglary of our Constitution and trillions od dollars of unneeded socialist changes.