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March 19, 2009

Congress: all your bonus are belong to us

Don't like AIG bonuses? Easy fix: tax them at 100%

...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.

"We figured that the local and state governments would take care of the other 10 percent," said Rep. Charles Rangel...

As much as I'm unhappy about this whole AIG affair, the US congress behaving essentially like a bunch of gangsters is rather disturbing. Then of course there's the whole constitutional prohibition on congress and the states passing ex-post facto laws. I rather doubt rep Rangel has ever read the US Constitution though.


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posted by Purp at 07:52 AM

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