Whatever you feel about AIG, this is ridiculous. We cannot have Congress enacting laws that are both highly selective and punitive. The people involved, whether deserving or not, negotiated these contracts in good faith and should not have them "manipulated" at the whim of the government. It's probably unconstitutional anyway but one thing for sure, the lawsuits will be a flyin.
WASHINGTON – The House is scheduled to vote today on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.
Audacity prevailed.
Hell unconstitutiunal, it's Fascist!
Thursday, March 19, 2009
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