Friday, March 20, 2009

The Story So Far

In Last Week's Episode ..

Congress wrote into a bill that allowed AIG to pay bonus money. President Obama signed the bill into law.

Congress and the President got on their moral high-horse and said how awful it was that AIG followed the letter of the law.

Congress is passing a bill that taxes those bonus monies at 90%.

Which is prohibited by the Constitution.

Regardless of how you feel about the specific matter - does anyone think that de-facto changing our tax policy from progressive to confiscatory is a good idea?

Links ..

They told me that when Bush was President ..

Dodd Fesses Up: Admits AIG Bonus Amendment Added at Behest of Obama Administration

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