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
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
