Punishment by tax is unconstitutional becaue that is the kind of trickery pulled to punish our Founders the colonists: by the King of England.
So are the Democrats sure they want to vote on a 90% tax for AIG and others like them?
Guess who loves this good thinking? Nancy Pelosi and Charlie Rangel.
These guys are eating my lunch….
Second idea; the Democrats want to rush this to a vote in the House: the same kind of brainless conduct that brought us the stimulus and the AIG bonuses in the first place.
“Give me a f *&$%# ing break.”
By STEPHEN OHLEMACHER, Associated Press
Democrats are rushing through a legally questionable tax on employee bonuses from bailed-out firms to paper over the failure of the Obama administration and key lawmakers to stop those payouts, Republicans charged Thursday.
“The Democratic bill brought to the floor today is constitutionally questionable,” said, R-Ind. “It’s obviously a transparent attempt to divert attention away from the truth that Democrats in Congress and this administration made these bonus payments possible.”
Democrats rushed a bill to the House floor on Thursday to levy a 90 percent tax on bonuses paid to employees withabove $250,000 at companies that have received at least $5 billion in government bailout money. A vote was expected later Thursday.
“We figured that the local and state governments would take care of the other 10 percent,” said New York, chairman of the tax-writing House Ways and Means Committee.of
Read the rest:
Obama the centrist, pragmatic problem-solver is gone: now liberal spendathon, no accountability
News at eleven followed by Jay Leno and Barack on the National Barack Channel….